Brokerages Expect Asure Software, Inc. (NASDAQ:ASUR) Will Post Quarterly Sales of $23.60 Million

Equities analysts predict that Asure Software, Inc. (NASDAQ:ASUR – Get Rating) will announce sales of $23.60 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Asure Software’s earnings. The lowest sales estimate is $23.50 million and the highest is $23.70 million. Asure Software posted sales of $19.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Asure Software will report full-year sales of $87.70 million for the current year, with estimates ranging from $87.50 million to $87.90 million. For the next year, analysts forecast that the company will post sales of $93.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR – Get Rating) last announced its earnings results on Monday, March 14th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Asure Software had a negative return on equity of 0.32% and a net margin of 4.20%. During the same quarter in the prior year, the business posted ($0.04) EPS.

ASUR has been the topic of several research analyst reports. StockNews.com initiated coverage on Asure Software in a research note on Tuesday, April 19th. They set a “hold” rating on the stock. TheStreet downgraded Asure Software from a “c-” rating to a “d+” rating in a research note on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Asure Software presently has an average rating of “Buy” and a consensus price target of $12.50.

Several institutional investors and hedge funds have recently modified their holdings of ASUR. Invenire Partners LP purchased a new stake in shares of Asure Software in the fourth quarter worth about $2,153,000. Russell Investments Group Ltd. purchased a new stake in shares of Asure Software in the fourth quarter worth about $1,210,000. Private Capital Management LLC boosted its stake in shares of Asure Software by 6.1% in the fourth quarter. Private Capital Management LLC now owns 2,317,685 shares of the technology company’s stock worth $18,147,000 after buying an additional 132,875 shares during the last quarter. Archon Capital Management LLC boosted its stake in shares of Asure Software by 8.0% in the fourth quarter. Archon Capital Management LLC now owns 1,354,693 shares of the technology company’s stock worth $10,607,000 after buying an additional 100,000 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Asure Software in the fourth quarter worth about $341,000. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Asure Software stock opened at $6.04 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day simple moving average is $6.50 and its two-hundred day simple moving average is $7.62. The company has a market cap of $121.01 million, a PE ratio of 33.56 and a beta of 1.06. Asure Software has a fifty-two week low of $5.50 and a fifty-two week high of $9.94.

Asure Software Company Profile (Get Rating)

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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