Wall Street brokerages expect Asure Software Inc (NASDAQ:ASUR) to announce sales of $23.99 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Asure Software’s earnings. The highest sales estimate is $24.08 million and the lowest is $23.90 million. Asure Software posted sales of $15.30 million in the same quarter last year, which suggests a positive year over year growth rate of 56.8%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, March 14th.
According to Zacks, analysts expect that Asure Software will report full year sales of $88.50 million for the current fiscal year, with estimates ranging from $88.40 million to $88.61 million. For the next fiscal year, analysts anticipate that the firm will post sales of $103.05 million, with estimates ranging from $100.30 million to $104.60 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Asure Software.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Friday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. The company had revenue of $23.46 million for the quarter, compared to the consensus estimate of $24.75 million.
Several analysts recently issued reports on the company. Barrington Research reissued a “buy” rating and issued a $25.00 target price on shares of Asure Software in a research note on Thursday, November 1st. TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a research note on Tuesday, December 11th. Craig Hallum cut their target price on Asure Software from $21.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Canaccord Genuity cut their target price on Asure Software from $22.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Finally, ValuEngine raised Asure Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.38.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates purchased a new stake in Asure Software in the second quarter worth about $453,000. PenderFund Capital Management Ltd. lifted its holdings in Asure Software by 102.8% in the third quarter. PenderFund Capital Management Ltd. now owns 558,751 shares of the technology company’s stock worth $7,798,000 after buying an additional 283,200 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in Asure Software in the second quarter worth about $294,000. Marshall Wace LLP purchased a new stake in Asure Software in the third quarter worth about $2,331,000. Finally, Renaissance Technologies LLC purchased a new stake in Asure Software in the second quarter worth about $2,247,000. 61.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ:ASUR traded up $0.19 on Monday, reaching $5.82. 123,480 shares of the company traded hands, compared to its average volume of 166,212. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $84.43 million, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.29 and a beta of 0.98. Asure Software has a 52 week low of $4.26 and a 52 week high of $19.78.
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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