Brokerages expect Asure Software, Inc. (NASDAQ:ASUR – Get a rating) to show earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for Asure Software, with the highest EPS estimate at $0.06 and the lowest estimate at $0.05. Asure Software reported earnings per share of $0.12 in the same quarter last year, suggesting a negative 50% year-over-year growth rate. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect Asure Software to report annual earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.17. For next year, analysts expect the company to post earnings of $0.23 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research companies that cover Asure Software.
Asure Software (NASDAQ:ASUR – Get a rating) last released its quarterly results on Monday, March 14. The technology company reported earnings per share of $0.02 for the quarter, beating analyst consensus estimates of $0.04 ($0.06). Asure Software had a net margin of 4.20% and a negative return on equity of 0.32%. In the same quarter of the previous year, the company had earned earnings per share of ($0.04).
A number of research companies have published reports on ASUR. StockNews.com began coverage on Asure Software in a research note on Tuesday. They issued a “holding” rating on the stock. TheStreet upgraded Asure Software’s shares from a “c-” rating to a “d+” rating in a Thursday, April 14 research report. Two research analysts rated the stock with a hold rating and two assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus buy rating and an average price target of $12.50.
Asure Software Stock opened at $6.04 on Friday. The company has a market capitalization of $121.01 million, a PE ratio of 33.56 and a beta of 1.06. The company has a fifty-day moving average price of $6.52 and a two-hundred-day moving average price of $7.65. The company has a debt ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 12-month minimum of $5.50 and a 12-month maximum of $9.94.
A number of institutional investors and hedge funds have been buying and selling stocks recently. PAW Capital Corp increased its stake in Asure Software by 1.4% in Q1. PAW Capital Corp now owns 370,000 shares of the technology company worth $2,202,000 after buying an additional 5,000 shares in the last quarter. Private Capital Management LLC increased its position in Asure Software shares by 6.1% during the fourth quarter. Private Capital Management LLC now owns 2,317,685 shares of the technology company valued at $18,147,000 after purchasing an additional 132,875 shares during the period. BlackRock Inc. increased its position in shares of Asure Software by 1.6% during the fourth quarter. BlackRock Inc. now owns 243,820 shares of the technology company valued at $1,908,000 after purchasing 3,891 additional shares during the period. Millennium Management LLC increased its position in Asure Software shares by 6.4% during the fourth quarter. Millennium Management LLC now owns 47,167 shares of the technology company valued at $369,000 after purchasing an additional 2,836 shares during the period. Finally, DE Shaw & Co. Inc. increased its position in Asure Software shares by 29.2% during the fourth quarter. DE Shaw & Co. Inc. now owns 19,192 shares of the technology company valued at $150,000 after purchasing an additional 4,340 shares during the period. Hedge funds and other institutional investors own 69.87% 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 allows employees to access company information, payroll history, and documents business ; 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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