Equities research analysts predict that Asure Software Inc (NASDAQ:ASUR) will announce $0.15 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Asure Software’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.09. Asure Software posted earnings per share of $0.07 in the same quarter last year, which would suggest a positive year-over-year growth rate of 114.3%. The business is scheduled to issue its next quarterly earnings results on Monday, August 13th.
According to Zacks, analysts expect that Asure Software will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.71 to $0.82. For the next year, analysts forecast that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.90 to $1.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Asure Software.
Asure Software (NASDAQ:ASUR) last released its earnings results on Wednesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Asure Software had a positive return on equity of 9.04% and a negative net margin of 10.45%. The firm had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $18.23 million.
ASUR has been the subject of several research analyst reports. Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a report on Monday, June 18th. ValuEngine upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Monday, June 11th. Canaccord Genuity restated a “buy” rating on shares of Asure Software in a report on Thursday, May 17th. Barrington Research raised their price target on Asure Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Monday, May 14th. Finally, Lake Street Capital raised their price target on Asure Software to $20.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Asure Software has an average rating of “Buy” and a consensus price target of $20.00.
NASDAQ:ASUR opened at $16.19 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.14 and a quick ratio of 1.13. Asure Software has a 12-month low of $9.89 and a 12-month high of $19.78. The stock has a market cap of $243.41 million, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 0.83 and a beta of 1.25.
In other Asure Software news, Director Daniel M. Gill sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $16.45, for a total transaction of $8,225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. AWM Investment Company Inc. boosted its holdings in shares of Asure Software by 13.4% in the 4th quarter. AWM Investment Company Inc. now owns 311,413 shares of the technology company’s stock worth $4,397,000 after purchasing an additional 36,746 shares during the period. Virtu Financial LLC purchased a new position in shares of Asure Software in the 4th quarter worth approximately $231,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Asure Software in the 4th quarter worth approximately $321,000. Wolverine Trading LLC purchased a new position in shares of Asure Software in the 4th quarter worth approximately $357,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of Asure Software in the 4th quarter worth approximately $6,564,000. Institutional investors and hedge funds own 43.59% of the company’s stock.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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