Wall Street brokerages forecast that Asure Software Inc (NASDAQ:ASUR) will report $0.16 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Asure Software’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.13. Asure Software posted earnings of $0.15 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results on Monday, November 12th.
On average, analysts expect that Asure Software will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.70. For the next financial year, analysts forecast that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Asure Software.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%. The firm had revenue of $21.77 million for the quarter, compared to analysts’ expectations of $21.53 million.
ASUR has been the topic of a number of analyst reports. ValuEngine cut Asure Software from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Dougherty & Co initiated coverage on Asure Software in a research report on Tuesday, August 28th. They issued a “buy” rating and a $20.00 price target on the stock. Barrington Research set a $25.00 price target on Asure Software and gave the company a “buy” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.43.
NASDAQ:ASUR traded up $0.23 during trading hours on Monday, reaching $11.18. The company had a trading volume of 389,135 shares, compared to its average volume of 198,400. Asure Software has a one year low of $10.08 and a one year high of $19.78. The stock has a market capitalization of $186.27 million, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.54 and a quick ratio of 1.52.
Several hedge funds have recently made changes to their positions in the company. Gradient Investments LLC grew its holdings in shares of Asure Software by 34.8% during the third quarter. Gradient Investments LLC now owns 74,082 shares of the technology company’s stock worth $920,000 after purchasing an additional 19,143 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Asure Software by 23.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock worth $384,000 after purchasing an additional 5,965 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Asure Software by 260.9% during the second quarter. Northern Trust Corp now owns 119,117 shares of the technology company’s stock worth $1,900,000 after purchasing an additional 86,108 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Asure Software during the second quarter worth $418,000. Finally, Castleark Management LLC bought a new stake in shares of Asure Software during the second quarter worth $3,066,000. Institutional investors own 60.81% 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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