Equity research analysts predict that Asure Software, Inc. (NASDAQ:ASUR – Get a rating) will report sales of $20.35 million for the current quarter, Zacks reports. Two analysts provided earnings estimates for Asure Software, with the highest sales estimate of $20.40 million and the lowest estimate of $20.30 million. Asure Software reported sales of $17.17 million in the same quarter last year, indicating a positive year-over-year growth rate of 18.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Asure Software to report full-year sales of $89.20 million for the current fiscal year. For next year, analysts expect the company to report sales of $97.25 million, with estimates ranging from $95.40 to $99.10 million. Zacks sales calculations are an average based on a survey of research companies that track Asure Software.
Asure Software (NASDAQ:ASUR – Get a rating) last released its results on Monday, May 9. The technology company reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.06 by $0.05. The company posted revenue of $24.33 million in the quarter, compared to $23.60 million expected by analysts. Asure Software had a net margin of 2.20% and a negative return on equity of 0.42%. During the same period of the previous year, the company achieved EPS of $0.09.
ASUR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a price target of $6.75 on the stock in a Tuesday, May 17 report. TheStreet downgraded shares of Asure Software from a “c-” rating to a “d+” rating in a Thursday, April 14 research report. To finish, StockNews.com launched coverage on Asure Software stocks in a research report on Sunday, May 29. They issued a “maintaining” rating for the company. One investment analyst has assigned the stock a hold rating and three have assigned the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $10.58.
Shares of ASUR opened at $5.95 on Friday. The company has a market capitalization of $119.42 million, a PE ratio of 54.10 and a beta of 0.96. The company’s fifty-day moving average is $6.03 and its two-hundred-day moving average is $6.95. Asure Software has a fifty-two week minimum of $5.50 and a fifty-two week maximum of $9.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt ratio of 0.22.
A number of institutional investors have recently increased or reduced their stake in the company. Royal Bank of Canada increased its holdings of Asure Software shares by 31.2% during the second quarter. Royal Bank of Canada now owns 6,312 shares of the technology company worth $56,000 after buying an additional 1,500 shares during the period. DE Shaw & Co. Inc. increased its equity stake in Asure Software by 29.2% during the 4th quarter. DE Shaw & Co. Inc. now owns 19,192 shares of the technology company worth $150,000 after acquiring 4,340 additional shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Asure Software shares by 16.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company worth $128,000 after buying 3,000 more shares in the last quarter. Cim Investment Management Inc. increased its position in Asure Software shares by 99.6% during the 3rd quarter. Cim Investment Management Inc. now owns 23,925 shares of the technology company worth $216,000 after buying 11,939 additional shares last quarter. Finally, Advisor Group Holdings Inc. increased its position in Asure Software shares by 6.4% during the third quarter. Advisor Group Holdings Inc. now owns 36,177 shares of the technology company worth $325,000 after buying 2,164 more shares last quarter. Hedge funds and other institutional investors own 64.47% of the company’s shares.
Asure Software Company Profile (Get a rating)
Asure Software, Inc provides cloud-based human capital management solutions in the United States. It helps various small and medium enterprises to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution that automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and the Fair Labor Standards Act, as well as federal, state, and local payroll taxes; Asure (Human Resources) HR, a cloud-based feature that handles HR complexities, such as employee self-service that gives employees access to company information, payroll history, and documents company ; and Asure Time & Attendance which provides cost savings and ROI gains in the form of strategic use of labor dollars and elimination of time theft.
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