$0.50 Earnings Per Share Expected for Aspen Technology, Inc. (AZPN) This Quarter

Wall Street brokerages predict that Aspen Technology, Inc. (NASDAQ:AZPN) will report $0.50 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Aspen Technology’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.49. Aspen Technology reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.8%. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Aspen Technology will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.14. For the next year, analysts anticipate that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.09 to $2.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Aspen Technology.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The firm had revenue of $122.80 million for the quarter, compared to analyst estimates of $121.73 million. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Aspen Technology in a report on Monday, November 6th. They set a “neutral” rating and a $67.00 price target on the stock. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Canaccord Genuity lifted their price target on shares of Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 27th. Robert W. Baird set a $63.00 price target on shares of Aspen Technology and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Berenberg Bank assumed coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.63.

In other Aspen Technology news, VP F G. Hammond sold 1,578 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $65.00, for a total transaction of $102,570.00. Following the sale, the vice president now directly owns 26,108 shares of the company’s stock, valued at approximately $1,697,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $66.01, for a total transaction of $660,100.00. Following the sale, the director now directly owns 25,559 shares in the company, valued at $1,687,149.59. The disclosure for this sale can be found here. Insiders have sold a total of 14,197 shares of company stock worth $931,360 over the last three months. Insiders own 0.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AZPN. First Manhattan Co. bought a new stake in Aspen Technology during the 3rd quarter worth approximately $125,000. Paradigm Asset Management Co. LLC bought a new stake in Aspen Technology during the 2nd quarter worth approximately $138,000. Pacad Investment Ltd. bought a new stake in Aspen Technology during the 2nd quarter worth approximately $166,000. Advisor Group Inc. grew its holdings in Aspen Technology by 69.9% during the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock worth $173,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aspen Technology by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock worth $183,000 after acquiring an additional 357 shares during the last quarter.

Shares of Aspen Technology (NASDAQ:AZPN) traded up $0.40 during trading on Monday, hitting $67.16. 282,333 shares of the company traded hands, compared to its average volume of 499,322. The company has a market cap of $4,828.68, a price-to-earnings ratio of 30.96 and a beta of 1.23. Aspen Technology has a 12 month low of $52.23 and a 12 month high of $69.38.

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Aspen Technology Company Profile

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

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Earnings History and Estimates for Aspen Technology (NASDAQ:AZPN)

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