Asante Solutions Inc (PUMP) Expected to Announce Quarterly Sales of $308.71 Million

Analysts expect that Asante Solutions Inc (NASDAQ:PUMP) will post $308.71 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Asante Solutions’ earnings, with the highest sales estimate coming in at $316.00 million and the lowest estimate coming in at $295.00 million. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, March 26th.

On average, analysts expect that Asante Solutions will report full-year sales of $308.71 million for the current financial year, with estimates ranging from $963.00 million to $985.00 million. For the next fiscal year, analysts expect that the company will post sales of $1.51 billion per share, with estimates ranging from $1.33 billion to $1.60 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Asante Solutions.

How to Become a New Pot Stock Millionaire

PUMP has been the subject of a number of research reports. 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, December 21st. SunTrust Banks initiated coverage on shares of Asante Solutions in a research note on Wednesday, December 20th. They issued a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research raised shares of Asante Solutions from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Friday, January 5th. Stephens initiated coverage on shares of Asante Solutions in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, Cowen initiated coverage on shares of Asante Solutions in a research note on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Asante Solutions presently has a consensus rating of “Buy” and an average price target of $20.80.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. purchased a new stake in Asante Solutions during the 4th quarter valued at $13,577,000. Geode Capital Management LLC boosted its position in Asante Solutions by 65.7% during the 4th quarter. Geode Capital Management LLC now owns 474,679 shares of the company’s stock valued at $9,569,000 after buying an additional 188,286 shares during the period. State Street Corp purchased a new stake in Asante Solutions during the 2nd quarter valued at $5,033,000. Driehaus Capital Management LLC purchased a new stake in Asante Solutions during the 4th quarter valued at $6,636,000. Finally, Bank of New York Mellon Corp boosted its position in Asante Solutions by 194.7% during the 4th quarter. Bank of New York Mellon Corp now owns 326,642 shares of the company’s stock valued at $6,584,000 after buying an additional 215,802 shares during the period.

WARNING: “Asante Solutions Inc (PUMP) Expected to Announce Quarterly Sales of $308.71 Million” was posted by Enterprise Leader and is owned by of Enterprise Leader. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://theenterpriseleader.com/2018/04/02/asante-solutions-inc-pump-expected-to-announce-quarterly-sales-of-308-71-million.html.

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.

Get a free copy of the Zacks research report on Asante Solutions (PUMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

Leave a Reply