Aspen Group (NASDAQ:ASPU) issued its earnings results on Thursday, March 15th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03, reports. The business had revenue of $5.70 million for the quarter, compared to analyst estimates of $5.74 million. Aspen Group had a negative net margin of 21.59% and a negative return on equity of 35.74%.
Aspen Group stock traded down $0.12 during trading on Thursday, hitting $7.62. 53,997 shares of the company’s stock were exchanged, compared to its average volume of 37,755. Aspen Group has a 12-month low of $3.89 and a 12-month high of $9.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.64.
ASPU has been the topic of several research analyst reports. Roth Capital increased their target price on shares of Aspen Group from $9.60 to $12.25 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Aspen Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Aspen Group in a research note on Tuesday, December 19th. Finally, Craig Hallum initiated coverage on shares of Aspen Group in a research note on Monday, February 12th. They issued a “buy” rating and a $12.00 price objective on the stock.
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About Aspen Group
Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).
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