Brokerages predict that Aspen Technology, Inc. (NASDAQ:AZPN) will post earnings of $0.79 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Aspen Technology’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.83. Aspen Technology posted earnings of $0.92 per share during the same quarter last year, which suggests a negative year over year growth rate of 14.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Aspen Technology will report full-year earnings of $3.80 per share for the current financial year, with EPS estimates ranging from $3.75 to $3.85. For the next fiscal year, analysts anticipate that the business will report earnings of $4.17 per share, with EPS estimates ranging from $4.04 to $4.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.49 by $0.30. Aspen Technology had a return on equity of 67.12% and a net margin of 43.83%. The business had revenue of $134.09 million during the quarter, compared to the consensus estimate of $119.49 million. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year.
AZPN has been the subject of several analyst reports. Bank of America restated a “neutral” rating and issued a $136.00 target price (up previously from $130.00) on shares of Aspen Technology in a research note on Thursday, August 8th. KeyCorp raised their target price on Aspen Technology from $124.00 to $141.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. BidaskClub upgraded Aspen Technology from a “strong sell” rating to a “sell” rating in a research note on Thursday. Benchmark restated a “buy” rating and issued a $152.00 target price (up previously from $133.00) on shares of Aspen Technology in a research note on Monday, August 12th. Finally, Canaccord Genuity raised their target price on Aspen Technology from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $134.57.
NASDAQ AZPN traded down $0.54 during trading hours on Tuesday, hitting $125.40. The company had a trading volume of 188,239 shares, compared to its average volume of 355,874. Aspen Technology has a 52 week low of $75.01 and a 52 week high of $142.15. The firm has a 50 day simple moving average of $118.39 and a 200 day simple moving average of $124.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 33.26 and a beta of 1.55.
In other news, CFO Karl E. Johnsen sold 2,310 shares of Aspen Technology stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $116.82, for a total transaction of $269,854.20. Following the completion of the sale, the chief financial officer now owns 28,667 shares in the company, valued at approximately $3,348,878.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Summit Global Investments boosted its position in shares of Aspen Technology by 0.3% during the 2nd quarter. Summit Global Investments now owns 27,030 shares of the technology company’s stock valued at $3,359,000 after acquiring an additional 89 shares during the last quarter. AGF Investments LLC boosted its position in shares of Aspen Technology by 1.5% during the 2nd quarter. AGF Investments LLC now owns 6,427 shares of the technology company’s stock valued at $799,000 after acquiring an additional 96 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Aspen Technology by 4.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 3,158 shares of the technology company’s stock valued at $390,000 after acquiring an additional 122 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of Aspen Technology by 2.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,079 shares of the technology company’s stock valued at $625,000 after acquiring an additional 131 shares during the last quarter. Finally, Zacks Investment Management boosted its position in shares of Aspen Technology by 0.6% during the 2nd quarter. Zacks Investment Management now owns 23,563 shares of the technology company’s stock valued at $2,928,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.
Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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