Wall Street brokerages predict that Asure Software Inc (NASDAQ:ASUR) will post $24.64 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Asure Software’s earnings. The lowest sales estimate is $24.50 million and the highest is $24.90 million. Asure Software posted sales of $21.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Asure Software will report full-year sales of $105.07 million for the current financial year, with estimates ranging from $104.31 million to $105.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $114.60 million, with estimates ranging from $114.00 million to $115.20 million. Zacks’ sales averages are an average based on a survey of analysts that follow Asure Software.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The company had revenue of $26.76 million for the quarter, compared to analyst estimates of $26.04 million. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.46%.
ASUR has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Barrington Research set a $5.00 price target on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, ValuEngine lowered shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Asure Software currently has an average rating of “Buy” and an average target price of $13.63.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Interstate Bank raised its holdings in shares of Asure Software by 28.5% during the first quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock valued at $146,000 after purchasing an additional 5,300 shares during the period. Geode Capital Management LLC raised its holdings in shares of Asure Software by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock valued at $671,000 after purchasing an additional 6,418 shares during the period. Rhumbline Advisers acquired a new position in shares of Asure Software during the fourth quarter valued at about $73,000. Bank of New York Mellon Corp raised its holdings in shares of Asure Software by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock valued at $260,000 after purchasing an additional 16,846 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Asure Software during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 49.27% of the company’s stock.
Shares of NASDAQ:ASUR traded down $0.13 during mid-day trading on Friday, reaching $8.90. 267,154 shares of the company’s stock were exchanged, compared to its average volume of 398,206. The firm has a market cap of $137.10 million, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.17. The firm’s fifty day simple moving average is $7.98. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. Asure Software has a twelve month low of $4.26 and a twelve month high of $16.64.
Asure Software Company Profile
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
Featured Story: What is net income?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.