Asure Software Inc (ASUR) Expected to Announce Earnings of $0.12 Per Share

Equities analysts expect Asure Software Inc (NASDAQ:ASUR) to report earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Asure Software’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.14. Asure Software posted earnings per share of $0.13 during the same quarter last year, which would suggest a negative year over year growth rate of 7.7%. The company is expected to issue its next earnings results on Wednesday, May 8th.

On average, 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 business will post earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Asure Software.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Thursday, March 14th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $23.99 million.

ASUR has been the subject of a number of recent research reports. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price target on shares of Asure Software in a research note on Friday, March 15th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target (down from $20.00) on shares of Asure Software in a research note on Wednesday, January 9th. Roth Capital cut their price target on Asure Software from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 8th. Finally, ValuEngine raised Asure Software from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.38.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Asure Software by 2.7% during the 3rd quarter. BlackRock Inc. now owns 705,702 shares of the technology company’s stock worth $8,765,000 after purchasing an additional 18,444 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Asure Software by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 629,278 shares of the technology company’s stock valued at $7,816,000 after acquiring an additional 33,817 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Asure Software by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 629,278 shares of the technology company’s stock valued at $7,816,000 after acquiring an additional 33,817 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Asure Software in the 4th quarter valued at approximately $1,524,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Asure Software by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 279,747 shares of the technology company’s stock valued at $3,474,000 after acquiring an additional 23,644 shares in the last quarter. 56.07% of the stock is owned by institutional investors.

Shares of NASDAQ ASUR opened at $6.37 on Tuesday. Asure Software has a one year low of $4.26 and a one year high of $19.78. The stock has a market cap of $93.73 million, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.08 and a quick ratio of 1.17.

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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