Asante Solutions (NASDAQ:PUMP) issued 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, Briefing.com reports. The company had revenue of $546.20 million for the quarter, compared to analyst estimates of $519.39 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 41.8% on a year-over-year basis.
Shares of NASDAQ:PUMP traded down $0.38 during trading hours on Friday, hitting $19.29. 711 shares of the company’s stock traded hands, compared to its average volume of 1,280,711. Asante Solutions has a 52 week low of $11.27 and a 52 week high of $25.38.
PUMP has been the subject of several research reports. Goldman Sachs Group initiated coverage on shares of Asante Solutions in a research note on Sunday, March 10th. They set a “buy” rating and a $28.00 price objective for the company. Bank of America reiterated a “neutral” rating on shares of Asante Solutions in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Asante Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. B. Riley initiated coverage on shares of Asante Solutions in a research note on Friday, May 17th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada set a $24.00 price objective on shares of Asante Solutions and gave the company a “buy” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.35.
TRADEMARK VIOLATION WARNING: This piece was published by Rockland Register and is the sole property of of Rockland Register. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://rocklandregister.com/2019/05/31/asante-solutions-pump-issues-earnings-results.html.
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.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
Receive News & Ratings for Asante Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asante Solutions and related companies with MarketBeat.com's FREE daily email newsletter.