Equities research analysts expect Asante Solutions Inc (NASDAQ:PUMP) to report earnings of $0.60 per share for the current quarter, according to Zacks. Twenty Three analysts have made estimates for Asante Solutions’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.83. Asante Solutions reported earnings per share of $0.53 in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Asante Solutions will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $3.07. For the next financial year, analysts expect that the firm will post earnings of $2.59 per share, with EPS estimates ranging from $1.21 to $3.78. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Asante Solutions.

Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.31). The firm had revenue of $529.50 million during the quarter, compared to analysts’ expectations of $525.58 million. During the same period in the previous year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis.

Several equities research analysts recently commented on the company. Wells Fargo & Co decreased their target price on Asante Solutions from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Stifel Nicolaus lowered shares of Asante Solutions to a “buy” rating and set a $9.00 target price on the stock. in a report on Thursday, May 23rd. Evercore ISI reaffirmed a “buy” rating and set a $26.00 price target on shares of Asante Solutions in a research note on Sunday, August 11th. B. Riley initiated coverage on shares of Asante Solutions in a report on Friday, May 17th. They set a “buy” rating and a $29.00 price target for the company. Finally, BidaskClub lowered shares of Asante Solutions from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $20.14.

Shares of NASDAQ:PUMP traded up $0.12 during midday trading on Friday, reaching $10.58. The company’s stock had a trading volume of 2,373,272 shares, compared to its average volume of 1,436,836. Asante Solutions has a fifty-two week low of $8.98 and a fifty-two week high of $25.38. The firm has a 50 day moving average price of $13.02 and a two-hundred day moving average price of $18.81.

In other news, Director Spencer D. Armour III sold 22,500 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $17.25, for a total transaction of $388,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have recently modified their holdings of the company. Argent Capital Management LLC grew its stake in shares of Asante Solutions by 2.1% in the 2nd quarter. Argent Capital Management LLC now owns 160,630 shares of the company’s stock worth $3,325,000 after purchasing an additional 3,375 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Asante Solutions by 297.1% in the second quarter. UBS Asset Management Americas Inc. now owns 213,396 shares of the company’s stock valued at $4,417,000 after acquiring an additional 159,654 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Asante Solutions by 9.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,212,962 shares of the company’s stock valued at $25,108,000 after acquiring an additional 100,657 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Asante Solutions during the second quarter worth about $317,000. Finally, Putnam Investments LLC increased its stake in shares of Asante Solutions by 26.2% during the second quarter. Putnam Investments LLC now owns 173,100 shares of the company’s stock worth $3,583,000 after acquiring an additional 35,900 shares during the period.

About Asante Solutions

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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