Zacks: Analysts Anticipate MTBC, Inc (NASDAQ:MTBC) to Post -$0.69 Earnings Per Share
Equities research analysts expect that MTBC, Inc (NASDAQ:MTBC) will announce earnings of ($0.69) per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for MTBC’s earnings, with estimates ranging from ($1.09) to ($0.45). MTBC posted earnings of ($0.19) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 263.2%. The firm is scheduled to report its next earnings report on Wednesday, August 5th.
On average, analysts expect that MTBC will report full-year earnings of ($1.30) per share for the current year, with EPS estimates ranging from ($1.45) to ($1.06). For the next year, analysts anticipate that the firm will post earnings of ($0.64) per share, with EPS estimates ranging from ($0.75) to ($0.42). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow MTBC.
MTBC (NASDAQ:MTBC) last released its earnings results on Thursday, May 14th. The technology company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22. The business had revenue of $21.87 million for the quarter, compared to the consensus estimate of $21.37 million. MTBC had a negative return on equity of 10.63% and a negative net margin of 6.41%.
NASDAQ MTBC traded up $0.14 during trading on Thursday, reaching $8.33. 4,257 shares of the company traded hands, compared to its average volume of 169,762. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.29. The stock’s 50 day moving average price is $7.13 and its two-hundred day moving average price is $5.76. The company has a market cap of $108.50 million, a price-to-earnings ratio of -9.46 and a beta of 1.11. MTBC has a 1-year low of $3.25 and a 1-year high of $9.09.
In related news, Director Cameron Munter sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $6.70, for a total value of $335,000.00. Following the completion of the transaction, the director now owns 117,250 shares in the company, valued at approximately $785,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bill Korn sold 4,835 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $7.36, for a total transaction of $35,585.60. Following the completion of the transaction, the chief financial officer now owns 137,501 shares of the company’s stock, valued at approximately $1,012,007.36. The disclosure for this sale can be found here. Insiders sold a total of 76,753 shares of company stock worth $543,377 over the last three months. 46.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new position in MTBC in the 1st quarter worth approximately $83,000. Acadian Asset Management LLC raised its position in shares of MTBC by 551.9% during the 1st quarter. Acadian Asset Management LLC now owns 96,349 shares of the technology company’s stock valued at $529,000 after acquiring an additional 81,569 shares during the last quarter. EAM Investors LLC bought a new stake in shares of MTBC during the 1st quarter valued at $807,000. Finally, Globeflex Capital L P bought a new stake in shares of MTBC during the 1st quarter valued at $492,000. Hedge funds and other institutional investors own 17.02% of the company’s stock.
MTBC, Inc, a healthcare information technology (IT) company, provides an integrated suite of Web-based solutions and related business services to healthcare providers primarily in the United States. The company operates through two segments, Healthcare IT and Practice Management. It primarily offers PracticePro, a software-as-a-service platform, which includes practice management software and related tools that facilitate the day-to-day business operation and workflows; electronic health record (EHR), which enables customers to reduce paperwork; revenue cycle management services, such as end-to-end medical billing, analytics, and related services; and mobile health solutions, including smartphone applications that assist patients and healthcare providers in the provision of healthcare services.
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