Analysts predict that Aspen Technology, Inc. (NASDAQ:AZPN) will announce earnings of $0.84 per share for the current quarter, according to Zacks. Four analysts have made estimates for Aspen Technology’s earnings, with estimates ranging from $0.81 to $0.88. Aspen Technology reported earnings of $0.58 per share during the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The business is scheduled to report its next earnings results after the market closes on Wednesday, April 24th.
On average, analysts expect that Aspen Technology will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.60. For the next financial year, analysts expect that the business will post earnings of $3.45 per share, with EPS estimates ranging from $3.23 to $3.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.29. The business had revenue of $140.42 million for the quarter, compared to analyst estimates of $122.04 million. Aspen Technology had a return on equity of 204.42% and a net margin of 34.19%. The business’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS.
Several research firms recently issued reports on AZPN. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, January 21st. BidaskClub lowered Aspen Technology from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. KeyCorp began coverage on Aspen Technology in a research report on Wednesday, April 10th. They set an “overweight” rating and a $120.00 price target on the stock. Canaccord Genuity upped their price target on Aspen Technology from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Aspen Technology in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $108.00.
In other Aspen Technology news, CEO Antonio J. Pietri sold 7,095 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $99.49, for a total value of $705,881.55. Following the sale, the chief executive officer now directly owns 237,920 shares of the company’s stock, valued at $23,670,660.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karl E. Johnsen sold 2,388 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $96.50, for a total value of $230,442.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,443 shares of company stock worth $1,611,897. Corporate insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of AZPN. Bank of New York Mellon Corp increased its position in Aspen Technology by 31.1% in the third quarter. Bank of New York Mellon Corp now owns 409,139 shares of the technology company’s stock worth $46,605,000 after buying an additional 97,170 shares during the period. AMP Capital Investors Ltd increased its position in Aspen Technology by 108.1% in the third quarter. AMP Capital Investors Ltd now owns 8,085 shares of the technology company’s stock worth $915,000 after buying an additional 4,200 shares during the period. Riverhead Capital Management LLC acquired a new stake in Aspen Technology in the third quarter worth $1,120,000. Dynamic Technology Lab Private Ltd increased its position in Aspen Technology by 34.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 5,535 shares of the technology company’s stock worth $630,000 after buying an additional 1,421 shares during the period. Finally, Deutsche Bank AG increased its position in Aspen Technology by 26.1% in the third quarter. Deutsche Bank AG now owns 117,505 shares of the technology company’s stock worth $13,382,000 after buying an additional 24,348 shares during the period. 98.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AZPN stock traded up $0.13 on Friday, hitting $108.42. 317,494 shares of the stock traded hands, compared to its average volume of 447,765. The firm has a market cap of $7.55 billion, a P/E ratio of 52.63 and a beta of 1.56. Aspen Technology has a 1-year low of $74.84 and a 1-year high of $118.86.
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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