Analysts expect that Asante Solutions Inc (NASDAQ:PUMP) will post earnings per share of $0.67 for the current quarter, Zacks reports. Twenty Three analysts have provided estimates for Asante Solutions’ earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.85. Asante Solutions posted earnings of $0.45 per share during the same quarter last year, which would suggest a positive year over year growth rate of 48.9%. The firm is expected to issue its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Asante Solutions will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $3.23. For the next financial year, analysts forecast that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $1.25 to $3.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Asante Solutions.

Asante Solutions (NASDAQ:PUMP) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The firm had revenue of $546.20 million during the quarter, compared to analysts’ expectations of $519.39 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Asante Solutions’s revenue was up 41.8% on a year-over-year basis.

PUMP has been the subject of a number of research reports. Bank of America lowered shares of Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup reiterated a “buy” rating and set a $25.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Raymond James reiterated a “buy” rating and set a $26.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Finally, B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.20.

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $18.95, for a total transaction of $426,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 67,500 shares of company stock valued at $1,278,000 in the last three months.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its holdings in shares of Asante Solutions by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 115,272 shares of the company’s stock valued at $2,386,000 after purchasing an additional 822 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Asante Solutions by 3.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,368 shares of the company’s stock valued at $608,000 after purchasing an additional 887 shares during the last quarter. Marshall Wace North America L.P. boosted its holdings in shares of Asante Solutions by 634.1% during the 1st quarter. Marshall Wace North America L.P. now owns 181,460 shares of the company’s stock valued at $4,091,000 after purchasing an additional 156,740 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in shares of Asante Solutions during the 1st quarter valued at about $9,385,000. Finally, Argent Capital Management LLC boosted its holdings in shares of Asante Solutions by 34.1% during the 1st quarter. Argent Capital Management LLC now owns 157,255 shares of the company’s stock valued at $3,545,000 after purchasing an additional 39,950 shares during the last quarter.

PUMP traded up $0.10 during mid-day trading on Tuesday, reaching $16.99. 1,133,945 shares of the company traded hands, compared to its average volume of 1,282,409. The stock’s fifty day moving average is $18.92. Asante Solutions has a 52-week low of $11.27 and a 52-week high of $25.38.

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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Earnings History and Estimates for Asante Solutions (NASDAQ:PUMP)

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