Wall Street analysts predict that Asure Software, Inc. (NASDAQ:ASUR – Get Rating) will announce sales of $20.35 million for the current quarter, according to Zacks. Two analysts have made estimates for Asure Software’s earnings, with estimates ranging from $20.30 million to $20.40 million. Asure Software reported sales of $17.17 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Asure Software will report full year sales of $89.20 million for the current fiscal year. For the next year, analysts forecast that the company will report sales of $97.25 million, with estimates ranging from $95.40 million to $99.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Asure Software.
Asure Software (NASDAQ:ASUR – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $23.60 million. Asure Software had a negative return on equity of 0.42% and a net margin of 2.20%. During the same quarter in the prior year, the firm posted $0.09 earnings per share.
Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Asure Software in a research note on Friday. They set a “hold” rating for the company. TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a research note on Thursday, April 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $12.50.
Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Asure Software by 31.2% in the second quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,500 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Asure Software by 16.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock valued at $128,000 after acquiring an additional 3,000 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Asure Software by 29.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock valued at $150,000 after acquiring an additional 4,340 shares during the period. Cim Investment Management Inc. grew its stake in Asure Software by 99.6% in the third quarter. Cim Investment Management Inc. now owns 23,925 shares of the technology company’s stock valued at $216,000 after acquiring an additional 11,939 shares during the period. Finally, Northern Trust Corp grew its stake in Asure Software by 14.8% in the first quarter. Northern Trust Corp now owns 37,499 shares of the technology company’s stock valued at $222,000 after acquiring an additional 4,830 shares during the period. 64.47% of the stock is owned by hedge funds and other institutional investors.
Shares of ASUR stock opened at $6.00 on Friday. The stock has a market cap of $120.42 million, a price-to-earnings ratio of 54.55 and a beta of 0.97. The stock has a 50-day moving average of $6.20 and a 200-day moving average of $7.30. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.22. Asure Software has a 1-year low of $5.50 and a 1-year high of $9.94.
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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