Asure Software (NASDAQ:ASUR) posted its quarterly earnings results on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03, Morningstar.com reports. The company had revenue of $24.84 million for the quarter, compared to analyst estimates of $24.64 million. Asure Software had a positive return on equity of 6.74% and a negative net margin of 9.77%. Asure Software updated its FY 2019 guidance to EPS.
Shares of NASDAQ ASUR traded down $2.20 during midday trading on Friday, hitting $6.05. 1,677,090 shares of the company’s stock were exchanged, compared to its average volume of 291,751. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.02 and a current ratio of 1.05. Asure Software has a twelve month low of $4.26 and a twelve month high of $16.09. The company has a market cap of $127.09 million, a P/E ratio of 18.75, a PEG ratio of 1.07 and a beta of 1.13. The firm has a fifty day simple moving average of $8.77.
A number of equities research analysts have issued reports on the company. ValuEngine lowered Asure Software from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Roth Capital reissued a “buy” rating on shares of Asure Software in a research report on Friday. Finally, Barrington Research reissued a “buy” rating and set a $15.00 target price on shares of Asure Software in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Asure Software presently has an average rating of “Buy” and an average target price of $13.63.
About Asure Software
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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