Brokerages expect Asante Solutions Inc (NASDAQ:PUMP) to report earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Asante Solutions’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.51. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, March 26th.
On average, analysts expect that Asante Solutions will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.97. For the next fiscal year, analysts expect that the company will report earnings of $2.06 per share, with EPS estimates ranging from $1.31 to $3.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Asante Solutions.
A number of equities analysts have recently commented on the stock. Stephens assumed coverage on shares of Asante Solutions in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded shares of Asante Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Barclays reissued a “hold” rating and issued a $18.00 target price on shares of Asante Solutions in a research note on Friday, November 10th. Royal Bank of Canada set a $24.00 target price on shares of Asante Solutions and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Cowen assumed coverage on shares of Asante Solutions in a research note on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.80.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PUMP. Teachers Advisors LLC acquired a new stake in Asante Solutions during the 2nd quarter valued at $637,000. TIAA CREF Investment Management LLC acquired a new stake in Asante Solutions during the 2nd quarter valued at $937,000. New York State Common Retirement Fund acquired a new stake in Asante Solutions during the 2nd quarter valued at $376,000. State Street Corp acquired a new stake in Asante Solutions during the 2nd quarter valued at $5,033,000. Finally, California State Teachers Retirement System acquired a new stake in Asante Solutions during the 2nd quarter valued at $625,000.
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About Asante Solutions
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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