Wall Street brokerages expect Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) to report $2.11 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Aspen Technology’s earnings. The lowest EPS estimate is $2.06 and the highest is $2.15. Aspen Technology reported earnings of $1.53 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 37.9%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Aspen Technology will report full year earnings of $5.42 per share for the current year, with EPS estimates ranging from $5.28 to $5.48. For the next year, analysts anticipate that the firm will report earnings of $5.41 per share, with EPS estimates ranging from $4.68 to $5.91. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN – Get Rating) last released its earnings results on Wednesday, April 27th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm had revenue of $187.75 million during the quarter, compared to analysts’ expectations of $190.61 million. Aspen Technology had a return on equity of 40.86% and a net margin of 39.22%. Aspen Technology’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS.
AZPN has been the subject of a number of recent analyst reports. StockNews.com raised Aspen Technology from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Monday, May 2nd. Finally, Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $168.57.
In other news, Director Jr. Robert M. Whelan sold 4,010 shares of Aspen Technology stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $159.07, for a total value of $637,870.70. Following the completion of the transaction, the director now directly owns 12,865 shares of the company’s stock, valued at approximately $2,046,435.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its position in shares of Aspen Technology by 956.3% during the 4th quarter. First Horizon Advisors Inc. now owns 169 shares of the technology company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in shares of Aspen Technology during the 4th quarter worth about $28,000. Parallel Advisors LLC raised its position in shares of Aspen Technology by 97.2% during the 4th quarter. Parallel Advisors LLC now owns 213 shares of the technology company’s stock worth $32,000 after buying an additional 105 shares in the last quarter. JFS Wealth Advisors LLC bought a new stake in shares of Aspen Technology during the 4th quarter worth about $33,000. Finally, National Bank of Canada FI bought a new stake in shares of Aspen Technology during the 4th quarter worth about $34,000. Institutional investors own 96.49% of the company’s stock.
Shares of NASDAQ AZPN opened at $165.75 on Friday. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 3.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.07 and a quick ratio of 4.07. The business has a 50-day moving average of $156.97 and a two-hundred day moving average of $151.77. Aspen Technology has a 1 year low of $122.29 and a 1 year high of $170.16.
About Aspen Technology (Get Rating)
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
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