Equities analysts predict that Asante Solutions Inc (NASDAQ:PUMP) will report earnings per share of $0.67 for the current fiscal quarter, according to Zacks Investment Research. Twenty One analysts have made estimates for Asante Solutions’ earnings. The highest EPS estimate is $0.84 and the lowest is $0.48. Asante Solutions posted earnings per share of $0.45 during the same quarter last year, which would indicate a positive year over year growth rate of 48.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Asante Solutions will report full-year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.02 to $3.40. For the next fiscal year, analysts expect that the firm will report earnings of $2.95 per share, with EPS estimates ranging from $1.12 to $3.84. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Asante Solutions.

Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. The business had revenue of $546.20 million for the quarter, compared to analysts’ expectations of $519.39 million. The company’s revenue was up 41.8% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share.

PUMP has been the topic of several analyst reports. Wells Fargo & Co initiated coverage on shares of Asante Solutions in a research note on Friday, March 29th. They issued an “outperform” rating on the stock. Raymond James set a $24.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Royal Bank of Canada set a $24.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Thursday, February 28th. Goldman Sachs Group initiated coverage on shares of Asante Solutions in a research note on Sunday, March 10th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research raised shares of Asante Solutions from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.35.

Shares of PUMP stock traded down $2.28 during trading hours on Thursday, hitting $19.28. 1,992,063 shares of the company’s stock were exchanged, compared to its average volume of 1,279,433. Asante Solutions has a 12-month low of $11.27 and a 12-month high of $25.38.

In related news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $23.96, for a total value of $539,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund bought a new stake in Asante Solutions in the fourth quarter valued at $28,000. Sterling Investment Advisors Ltd. bought a new stake in Asante Solutions in the first quarter valued at $45,000. Bremer Trust National Association bought a new stake in Asante Solutions in the fourth quarter valued at $64,000. LS Investment Advisors LLC boosted its holdings in Asante Solutions by 450.0% in the fourth quarter. LS Investment Advisors LLC now owns 10,411 shares of the company’s stock valued at $128,000 after acquiring an additional 8,518 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in Asante Solutions in the fourth quarter valued at $142,000.

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

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