Aspen Technology (AZPN) to Release Quarterly Earnings on Saturday

Aspen Technology (NASDAQ:AZPN) is set to announce its earnings results on Saturday, April 27th. Aspen Technology has set its FY24 guidance at at least $6.59 EPS and its FY 2024 guidance at 6.590- EPS.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. On average, analysts expect Aspen Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Aspen Technology Trading Up 0.5 %

Shares of AZPN opened at $198.00 on Friday. The firm has a market capitalization of $12.58 billion, a P/E ratio of -146.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77. The stock’s fifty day simple moving average is $199.90 and its 200 day simple moving average is $196.40. Aspen Technology has a twelve month low of $161.32 and a twelve month high of $234.24.

Analysts Set New Price Targets

Several research analysts have commented on AZPN shares. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler reissued a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $210.25.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.