Brokerages expect Asure Software, Inc. (NASDAQ:ASUR) to report -$0.06 in earnings per share


Analysts expect Asure Software, Inc. (NASDAQ:ASURGet a rating) will show ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made earnings estimates for Asure Software, with the lowest EPS estimate of $0.09 and the highest estimate of $0.02. The company is due to announce its next quarterly results on Monday, January 1.

According to Zacks, analysts expect Asure Software to report annual earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.01 to $0.20. For next year, analysts expect the company to post earnings of $0.22 per share, with EPS estimates ranging from $0.15 to $0.28. Zacks EPS calculations are an average average based on a survey of sell-side research analysts who cover Asure Software.

Asure Software (NASDAQ:ASURGet a rating) last released its results on Monday, May 9. The technology company reported earnings per share (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 analyst estimates of $23.60 million. Asure Software had a negative return on equity of 0.42% and a net margin of 2.20%. In the same period a year earlier, the company posted earnings per share of $0.09.

Several equity analysts have recently commented on ASUR shares. Zacks Investment Research upgraded 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 research note. TheStreet downgraded Asure Software from a “c-” rating to a “d+” rating in a Thursday, April 14 research note. To finish, StockNews.com began coverage on Asure Software in a research note on Sunday, May 29. They issued a “holding” rating on the stock. One equity research analyst gave the stock a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of $10.58.

Shares of ASUR Stock traded at $0.02 during Friday’s trading, reaching $5.95. The company’s stock had a trading volume of 19,760 shares, compared to an average volume of 40,318. Asure Software has a 52-week low of $5.50 and a 52-week high of $9.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt ratio of 0.22. The company has a fifty-day moving average of $6.04 and a 200-day moving average of $6.98. The company has a market capitalization of $119.43 million, a PE ratio of 54.10 and a beta of 0.96.

Several large investors have recently bought and sold shares of ASUR. Vanguard Group Inc. increased its position in Asure Software shares by 48.0% during the first quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company worth $10,484,000 after acquiring an additional 571,201 shares in the last quarter. Invenire Partners LP purchased a new equity stake in Asure Software during the fourth quarter at a value of $2,153,000. Private Capital Management LLC increased its position in Asure Software shares by 10.2% during the first quarter. Private Capital Management LLC now owns 2,554,153 shares of the technology company worth $15,197,000 after acquiring 236,468 additional shares last quarter. Russell Investments Group Ltd. bought a new equity stake in Asure Software during the fourth quarter at a value of $1,210,000. Finally, Archon Capital Management LLC increased its position in Asure Software shares by 8.0% during the fourth quarter. Archon Capital Management LLC now owns 1,354,693 shares of the technology company worth $10,607,000 after acquiring an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 64.47% of the company’s shares.

About Asure Software (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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