Analysts expect Asure Software Inc (NASDAQ:ASUR) to post $0.14 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Asure Software’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.11. Asure Software reported earnings of $0.17 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.6%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, March 14th.
On average, analysts expect that Asure Software will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.52 to $0.59. For the next fiscal year, analysts anticipate that the business will post earnings of $0.67 per share, with EPS estimates ranging from $0.57 to $0.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Asure Software.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Friday, November 9th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Asure Software had a positive return on equity of 8.21% and a negative net margin of 13.56%. The firm had revenue of $23.46 million for the quarter, compared to analyst estimates of $24.75 million.
ASUR has been the subject of several analyst reports. Zacks Investment Research cut shares of Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine cut shares of Asure Software from a “sell” rating to a “strong sell” rating in a report on Saturday, November 10th. Needham & Company LLC lowered their price target on shares of Asure Software from $20.00 to $12.00 and set a “buy” rating for the company in a report on Monday, November 12th. Barrington Research lowered their price target on shares of Asure Software from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 12th. Finally, Lake Street Capital set a $15.00 price target on shares of Asure Software and gave the stock a “buy” rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $13.38.
Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Asure Software by 15.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock valued at $112,000 after buying an additional 3,000 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Asure Software in the 4th quarter valued at $73,000. First Interstate Bank boosted its holdings in shares of Asure Software by 402.7% in the 4th quarter. First Interstate Bank now owns 18,600 shares of the technology company’s stock valued at $94,000 after buying an additional 14,900 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its holdings in shares of Asure Software by 9.1% in the 4th quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the technology company’s stock valued at $122,000 after buying an additional 2,000 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Asure Software by 9.4% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 70,000 shares of the technology company’s stock valued at $356,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 61.04% of the company’s stock.
NASDAQ ASUR traded up $0.19 on Friday, hitting $5.82. 123,480 shares of the stock were exchanged, compared to its average volume of 166,212. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $19.78. The stock has a market capitalization of $84.43 million, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.29 and a beta of 0.98.
Asure Software Company Profile
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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