Equities research analysts predict that Asure Software, Inc. (NASDAQ:ASUR – Get Rating) will report sales of $20.35 million for the current quarter, Zacks reports. Two analysts have provided estimates for Asure Software’s earnings, with the highest sales estimate coming in at $20.40 million and the lowest estimate coming in at $20.30 million. Asure Software reported sales of $17.17 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Asure Software will report full year sales of $89.20 million for the current fiscal year. For the next year, analysts expect that the company will report sales of $97.25 million, with estimates ranging from $95.40 million to $99.10 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Asure Software.
Asure Software (NASDAQ:ASUR – Get Rating) last released its earnings results on Monday, May 9th. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $23.60 million. Asure Software had a net margin of 2.20% and a negative return on equity of 0.42%. During the same period in the previous year, the company earned $0.09 EPS.
ASUR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a report on Tuesday, May 17th. TheStreet downgraded shares of Asure Software from a “c-” rating to a “d+” rating in a research report on Thursday, April 14th. Finally, StockNews.com initiated coverage on shares of Asure Software in a research report on Sunday, May 29th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $10.58.
Shares of ASUR opened at $5.95 on Friday. The firm has a market cap of $119.42 million, a PE ratio of 54.10 and a beta of 0.96. The company’s fifty day moving average is $6.03 and its two-hundred day moving average is $6.95. Asure Software has a fifty-two week low of $5.50 and a fifty-two week high of $9.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.22.
A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Asure Software by 31.2% during the 2nd quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock worth $56,000 after buying an additional 1,500 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Asure Software by 29.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock worth $150,000 after acquiring an additional 4,340 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Asure Software by 16.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock worth $128,000 after purchasing an additional 3,000 shares in the last quarter. Cim Investment Management Inc. increased its position in shares of Asure Software by 99.6% during the 3rd quarter. Cim Investment Management Inc. now owns 23,925 shares of the technology company’s stock worth $216,000 after purchasing an additional 11,939 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in shares of Asure Software by 6.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 36,177 shares of the technology company’s stock worth $325,000 after purchasing an additional 2,164 shares in the last quarter. Hedge funds and other institutional investors own 64.47% of the company’s stock.
Asure Software Company Profile (Get Rating)
Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.
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