Asure Software Inc (ASUR) Expected to Announce Earnings of $0.16 Per Share

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Wall Street analysts predict that Asure Software Inc (NASDAQ:ASUR) will announce $0.16 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Asure Software’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.13. Asure Software posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next earnings report on Monday, November 12th.

According to Zacks, analysts expect that Asure Software will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.63 to $0.70. For the next financial year, analysts forecast that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.94. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Asure Software.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Asure Software had a negative net margin of 11.85% and a positive return on equity of 9.05%. The company had revenue of $21.77 million during the quarter, compared to the consensus estimate of $21.53 million.

A number of research firms have recently weighed in on ASUR. Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. Barrington Research set a $25.00 price target on shares of Asure Software and gave the stock a “buy” rating in a research report on Thursday, August 23rd. ValuEngine downgraded shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Canaccord Genuity raised their price target on shares of Asure Software from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Finally, Dougherty & Co began coverage on shares of Asure Software in a research report on Tuesday, August 28th. They set a “buy” rating and a $20.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.43.

Shares of ASUR stock traded up $0.23 during mid-day trading on Monday, reaching $11.18. 389,135 shares of the company were exchanged, compared to its average volume of 198,400. Asure Software has a fifty-two week low of $10.08 and a fifty-two week high of $19.78. The company has a current ratio of 1.54, a quick ratio of 1.52 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $186.27 million, a P/E ratio of 24.84, a PEG ratio of 0.80 and a beta of 1.14.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Asure Software by 549.7% in the second quarter. BlackRock Inc. now owns 687,258 shares of the technology company’s stock worth $10,961,000 after purchasing an additional 581,475 shares during the period. Cortina Asset Management LLC boosted its holdings in Asure Software by 79.2% in the second quarter. Cortina Asset Management LLC now owns 317,959 shares of the technology company’s stock worth $5,071,000 after purchasing an additional 140,498 shares during the period. Skylands Capital LLC boosted its holdings in Asure Software by 14.0% in the second quarter. Skylands Capital LLC now owns 316,450 shares of the technology company’s stock worth $5,047,000 after purchasing an additional 38,950 shares during the period. Argent Capital Management LLC boosted its holdings in Asure Software by 9.1% in the second quarter. Argent Capital Management LLC now owns 258,020 shares of the technology company’s stock worth $4,115,000 after purchasing an additional 21,530 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Asure Software by 19.1% in the first quarter. Allianz Asset Management GmbH now owns 256,997 shares of the technology company’s stock worth $3,146,000 after purchasing an additional 41,172 shares during the period. 60.81% of the stock is owned by hedge funds and other institutional investors.

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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