Asure Software (NASDAQ:ASUR) issued its earnings results on Friday. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02), Morningstar.com reports. Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%. The firm had revenue of $23.46 million for the quarter, compared to analyst estimates of $24.75 million. Asure Software updated its FY 2018 guidance to EPS and its FY 2019 guidance to EPS.
Shares of NASDAQ:ASUR traded down $3.29 during trading on Friday, reaching $7.75. 1,471,059 shares of the stock were exchanged, compared to its average volume of 229,296. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 1.06. Asure Software has a 1-year low of $7.50 and a 1-year high of $19.78. The firm has a market capitalization of $172.32 million, a price-to-earnings ratio of 17.22, a PEG ratio of 0.74 and a beta of 1.10.
A number of brokerages have recently weighed in on ASUR. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine lowered Asure Software from a “sell” rating to a “strong sell” rating in a research report on Saturday. Barrington Research set a $25.00 target price on Asure Software and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, Lake Street Capital set a $15.00 target price on Asure Software and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Asure Software has an average rating of “Buy” and a consensus target price of $19.71.
About Asure Software
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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