Wall Street brokerages expect that Asure Software Inc (NASDAQ:ASUR) will report $0.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Asure Software’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.22. Asure Software reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 122.2%. The business is scheduled to report its next earnings results on Monday, March 19th.
According to Zacks, analysts expect that Asure Software will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.54. For the next financial year, analysts forecast that the company will report earnings of $0.76 per share, with EPS estimates ranging from $0.66 to $0.86. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Asure Software.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, November 13th. The technology company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.24 million. Asure Software had a negative net margin of 8.28% and a positive return on equity of 6.96%.
A number of research firms recently weighed in on ASUR. Zacks Investment Research raised shares of Asure Software from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Craig Hallum began coverage on shares of Asure Software in a report on Monday, December 4th. They set a “buy” rating for the company. Northland Securities set a $19.00 price target on shares of Asure Software and gave the company a “buy” rating in a report on Wednesday, January 3rd. Dougherty & Co reaffirmed a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Asure Software presently has an average rating of “Buy” and an average price target of $17.63.
Shares of Asure Software (NASDAQ ASUR) opened at $13.39 on Friday. The firm has a market cap of $169.67, a price-to-earnings ratio of -35.24, a P/E/G ratio of 0.69 and a beta of 1.07. Asure Software has a fifty-two week low of $9.47 and a fifty-two week high of $17.27. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.
Hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. acquired a new position in Asure Software during the 2nd quarter worth $2,595,000. Russell Investments Group Ltd. grew its holdings in Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after acquiring an additional 13,279 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Asure Software by 548.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after acquiring an additional 380,570 shares in the last quarter. Vanguard Group Inc. grew its holdings in Asure Software by 24.0% during the 2nd quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after acquiring an additional 62,418 shares in the last quarter. Finally, Northpointe Capital LLC grew its holdings in Asure Software by 33.9% during the 3rd quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock worth $6,762,000 after acquiring an additional 137,769 shares in the last quarter. 46.49% of the stock is owned by institutional investors.
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Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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