Zacks: Analysts Anticipate Asure Software Inc (ASUR) to Post $0.20 Earnings Per Share

Wall Street brokerages expect that Asure Software Inc (NASDAQ:ASUR) will report $0.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Asure Software’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.22. Asure Software reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 122.2%. The business is scheduled to report its next earnings results on Monday, March 19th.

According to Zacks, analysts expect that Asure Software will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.54. For the next financial year, analysts forecast that the company will report earnings of $0.76 per share, with EPS estimates ranging from $0.66 to $0.86. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, November 13th. The technology company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.24 million. Asure Software had a negative net margin of 8.28% and a positive return on equity of 6.96%.

A number of research firms recently weighed in on ASUR. Zacks Investment Research raised shares of Asure Software from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Craig Hallum began coverage on shares of Asure Software in a report on Monday, December 4th. They set a “buy” rating for the company. Northland Securities set a $19.00 price target on shares of Asure Software and gave the company a “buy” rating in a report on Wednesday, January 3rd. Dougherty & Co reaffirmed a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Asure Software presently has an average rating of “Buy” and an average price target of $17.63.

Shares of Asure Software (NASDAQ ASUR) opened at $13.39 on Friday. The firm has a market cap of $169.67, a price-to-earnings ratio of -35.24, a P/E/G ratio of 0.69 and a beta of 1.07. Asure Software has a fifty-two week low of $9.47 and a fifty-two week high of $17.27. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.

Hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. acquired a new position in Asure Software during the 2nd quarter worth $2,595,000. Russell Investments Group Ltd. grew its holdings in Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after acquiring an additional 13,279 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Asure Software by 548.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after acquiring an additional 380,570 shares in the last quarter. Vanguard Group Inc. grew its holdings in Asure Software by 24.0% during the 2nd quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after acquiring an additional 62,418 shares in the last quarter. Finally, Northpointe Capital LLC grew its holdings in Asure Software by 33.9% during the 3rd quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock worth $6,762,000 after acquiring an additional 137,769 shares in the last quarter. 46.49% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/10/zacks-analysts-anticipate-asure-software-inc-asur-to-post-0-20-earnings-per-share.html.

Asure Software Company Profile

Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.

Get a free copy of the Zacks research report on Asure Software (ASUR)

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.

Leave a Reply