Wall Street analysts expect that Asante Solutions Inc (NASDAQ:PUMP) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Twenty One analysts have issued estimates for Asante Solutions’ earnings. The highest EPS estimate is $0.37 and the lowest is ($0.02). Asante Solutions reported earnings per share of $0.59 in the same quarter last year, which suggests a negative year-over-year growth rate of 76.3%. The company is expected to report its next earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Asante Solutions will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.32 to $1.72. For the next financial year, analysts expect that the company will post earnings of $1.13 per share, with EPS estimates ranging from $0.25 to $2.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Asante Solutions.
Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.15). The company had revenue of $541.85 million during the quarter, compared to analysts’ expectations of $509.17 million. Asante Solutions’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share.
Several research firms have recently issued reports on PUMP. Citigroup cut their price target on Asante Solutions from $10.70 to $10.30 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Cowen cut shares of Asante Solutions from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.00 to $11.00 in a research note on Thursday, September 12th. Piper Jaffray Companies raised Asante Solutions from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $17.00 to $12.00 in a report on Thursday, October 10th. Johnson Rice set a $21.00 price objective on Asante Solutions and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Scotiabank set a $14.00 price objective on Asante Solutions and gave the stock a “hold” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.31.
PUMP traded up $0.25 during trading on Friday, reaching $9.57. 13,384 shares of the stock were exchanged, compared to its average volume of 1,661,182. Asante Solutions has a 1 year low of $7.07 and a 1 year high of $25.38. The business’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $13.03.
Institutional investors have recently added to or reduced their stakes in the company. First Quadrant L P CA boosted its stake in Asante Solutions by 1,276.4% during the 3rd quarter. First Quadrant L P CA now owns 14,700 shares of the company’s stock valued at $134,000 after purchasing an additional 13,632 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of Asante Solutions by 11.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,387 shares of the company’s stock worth $240,000 after purchasing an additional 2,772 shares during the last quarter. Dupont Capital Management Corp increased its position in shares of Asante Solutions by 63.6% during the 3rd quarter. Dupont Capital Management Corp now owns 33,121 shares of the company’s stock worth $301,000 after purchasing an additional 12,874 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Asante Solutions during the 2nd quarter worth about $317,000. Finally, IHT Wealth Management LLC bought a new position in Asante Solutions during the 2nd quarter valued at about $334,000.
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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