Analysts Expect Asure Software Inc (ASUR) Will Announce Earnings of $0.12 Per Share

Equities research analysts expect that Asure Software Inc (NASDAQ:ASUR) will announce $0.12 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Asure Software’s earnings, with estimates ranging from $0.09 to $0.14. Asure Software reported earnings per share of $0.13 during the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is scheduled to report its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Asure Software will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.62 to $0.64. For the next year, analysts expect that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, March 14th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). Asure Software had a positive return on equity of 6.82% and a negative net margin of 8.49%. The business had revenue of $24.42 million during the quarter, compared to the consensus estimate of $23.99 million.



ASUR has been the topic of several research reports. Barrington Research reissued an “outperform” rating and issued a $15.00 target price (down from $20.00) on shares of Asure Software in a research report on Wednesday, January 9th. TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a research report on Tuesday, December 11th. ValuEngine raised Asure Software from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Roth Capital dropped their target price on Asure Software from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Finally, Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Asure Software currently has an average rating of “Hold” and an average target price of $13.38.

Several hedge funds have recently bought and sold shares of ASUR. Geode Capital Management LLC lifted its position in shares of Asure Software by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock valued at $671,000 after acquiring an additional 6,418 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Asure Software in the fourth quarter valued at approximately $413,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Asure Software in the fourth quarter valued at approximately $1,524,000. Bank of New York Mellon Corp increased its holdings in shares of Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock valued at $260,000 after purchasing an additional 16,846 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Asure Software by 15.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock valued at $112,000 after purchasing an additional 3,000 shares during the last quarter. 56.07% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:ASUR traded down $0.09 on Tuesday, hitting $6.28. The stock had a trading volume of 238,704 shares, compared to its average volume of 237,742. The stock has a market capitalization of $94.18 million, a price-to-earnings ratio of 14.27, a PEG ratio of 0.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.17 and a current ratio of 1.08. Asure Software has a 52-week low of $4.26 and a 52-week high of $19.78.

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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