Asure Software Inc (ASUR) Expected to Announce Quarterly Sales of $23.99 Million

Equities research analysts expect Asure Software Inc (NASDAQ:ASUR) to announce sales of $23.99 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Asure Software’s earnings, with the lowest sales estimate coming in at $23.90 million and the highest estimate coming in at $24.08 million. Asure Software reported sales of $15.30 million during the same quarter last year, which indicates a positive year over year growth rate of 56.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 21st.

On average, analysts expect that Asure Software will report full year sales of $88.50 million for the current year, with estimates ranging from $88.40 million to $88.61 million. For the next year, analysts forecast that the firm will post sales of $105.05 million, with estimates ranging from $100.30 million to $110.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Friday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. The firm had revenue of $23.46 million during the quarter, compared to analyst estimates of $24.75 million.

A number of brokerages recently issued reports on ASUR. Barrington Research set a $25.00 target price on Asure Software and gave the company a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Dougherty & Co began coverage on Asure Software in a research report on Tuesday, August 28th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, ValuEngine lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.33.

Shares of Asure Software stock opened at $6.05 on Monday. Asure Software has a 52-week low of $5.42 and a 52-week high of $19.78. The company has a market capitalization of $90.73 million, a P/E ratio of 13.44, a PEG ratio of 0.48 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.09.

Large investors have recently bought and sold shares of the business. Cynosure Advisors LLC acquired a new position in shares of Asure Software during the 2nd quarter worth approximately $201,000. Engineers Gate Manager LP acquired a new position in shares of Asure Software during the 2nd quarter worth approximately $227,000. Verity Asset Management Inc. acquired a new position in shares of Asure Software during the 3rd quarter worth approximately $228,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Asure Software during the 2nd quarter worth approximately $294,000. Finally, Citadel Advisors LLC acquired a new position in shares of Asure Software during the 3rd quarter worth approximately $235,000. 60.80% of the stock is currently 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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