$428.58 Million in Sales Expected for Asante Solutions Inc (PUMP) This Quarter
Brokerages predict that Asante Solutions Inc (NASDAQ:PUMP) will report sales of $428.58 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Asante Solutions’ earnings. The lowest sales estimate is $336.00 million and the highest is $459.40 million. Asante Solutions reported sales of $282.73 million in the same quarter last year, which indicates a positive year-over-year growth rate of 51.6%. The business is scheduled to announce its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Asante Solutions will report full-year sales of $1.66 billion for the current financial year, with estimates ranging from $1.33 billion to $1.74 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.74 billion per share, with estimates ranging from $1.34 billion to $2.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Asante Solutions.
Asante Solutions (NASDAQ:PUMP) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The business had revenue of $459.89 million for the quarter, compared to analyst estimates of $422.64 million.
In other news, Director Pryor Blackwell purchased 13,404 shares of the stock in a transaction dated Thursday, June 7th. The shares were acquired at an average cost of $15.36 per share, for a total transaction of $205,885.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Asante Solutions by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 4,484,500 shares of the company’s stock valued at $70,317,000 after buying an additional 43,600 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Asante Solutions by 103.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,369,717 shares of the company’s stock valued at $21,765,000 after buying an additional 696,242 shares in the last quarter. Cortina Asset Management LLC boosted its holdings in shares of Asante Solutions by 257.7% in the 2nd quarter. Cortina Asset Management LLC now owns 1,120,632 shares of the company’s stock valued at $17,572,000 after buying an additional 807,314 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Asante Solutions by 231.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 972,237 shares of the company’s stock valued at $15,245,000 after buying an additional 679,172 shares in the last quarter. Finally, Carmignac Gestion boosted its holdings in shares of Asante Solutions by 90.0% in the 1st quarter. Carmignac Gestion now owns 950,000 shares of the company’s stock valued at $15,096,000 after buying an additional 450,000 shares in the last quarter.
NASDAQ PUMP traded up $0.70 during trading on Tuesday, reaching $16.64. 67,647 shares of the company’s stock traded hands, compared to its average volume of 1,837,250. Asante Solutions has a 12-month low of $10.92 and a 12-month high of $22.88.
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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