Wall Street analysts expect Asante Solutions Inc (NASDAQ:PUMP) to announce $384.37 million in sales for the current fiscal quarter, according to Zacks. Twenty One analysts have issued estimates for Asante Solutions’ earnings, with the highest sales estimate coming in at $408.30 million and the lowest estimate coming in at $330.90 million. Asante Solutions posted sales of $425.41 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The business is expected to issue its next earnings results on Tuesday, February 25th.
On average, analysts expect that Asante Solutions will report full year sales of $2.00 billion for the current year, with estimates ranging from $1.91 billion to $2.03 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.78 billion, with estimates ranging from $1.49 billion to $2.01 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Asante Solutions.
Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Wednesday, November 13th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.15). The company had revenue of $541.85 million for the quarter, compared to analyst estimates of $509.17 million. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share.
NASDAQ PUMP traded up $0.01 on Monday, hitting $10.00. 1,133,500 shares of the company were exchanged, compared to its average volume of 1,658,485. Asante Solutions has a 12 month low of $7.07 and a 12 month high of $25.38. The stock has a fifty day moving average of $8.45 and a 200-day moving average of $12.83.
Several institutional investors have recently added to or reduced their stakes in PUMP. Arizona State Retirement System lifted its stake in shares of Asante Solutions by 0.7% in the second quarter. Arizona State Retirement System now owns 115,272 shares of the company’s stock valued at $2,386,000 after buying an additional 822 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Asante Solutions in the second quarter valued at about $419,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Asante Solutions by 47.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 32,120 shares of the company’s stock valued at $664,000 after purchasing an additional 10,390 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Asante Solutions in the second quarter valued at about $352,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Asante Solutions by 25.2% in the second quarter. Meeder Asset Management Inc. now owns 21,269 shares of the company’s stock valued at $440,000 after purchasing an additional 4,284 shares during the last quarter.
Asante Solutions Company Profile
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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