Zacks: Analysts Anticipate Aspen Technology, Inc. (AZPN) Will Announce Earnings of $0.52 Per Share

Brokerages expect Aspen Technology, Inc. (NASDAQ:AZPN) to post $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Aspen Technology’s earnings, with estimates ranging from $0.50 to $0.55. Aspen Technology also posted earnings per share of $0.52 during the same quarter last year. The company is expected to report its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that Aspen Technology will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.18 to $2.27. For the next fiscal year, analysts anticipate that the company will report earnings of $2.77 per share, with EPS estimates ranging from $2.57 to $3.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Aspen Technology.

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Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year.

Several equities analysts recently issued reports on AZPN shares. BidaskClub upgraded Aspen Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase boosted their price target on Aspen Technology to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research note on Monday, January 8th. KeyCorp restated a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Aspen Technology in a research note on Monday, January 8th. Finally, Wedbush restated a “neutral” rating and set a $74.00 price target (up from $65.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $72.67.

AZPN traded down $0.53 on Monday, hitting $79.23. 349,522 shares of the stock traded hands, compared to its average volume of 329,005. Aspen Technology has a 52 week low of $53.51 and a 52 week high of $84.40. The firm has a market capitalization of $5,737.85, a price-to-earnings ratio of 37.55, a P/E/G ratio of 3.86 and a beta of 1.21.

In other Aspen Technology news, CEO Antonio J. Pietri sold 26,900 shares of Aspen Technology stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the sale, the chief executive officer now directly owns 250,416 shares of the company’s stock, valued at $19,171,848.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP F G. Hammond sold 6,292 shares of Aspen Technology stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $73.47, for a total value of $462,273.24. The disclosure for this sale can be found here. Insiders have sold 52,308 shares of company stock worth $3,929,379 over the last ninety days. Company insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZPN. Ameriprise Financial Inc. boosted its holdings in Aspen Technology by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 171,009 shares of the technology company’s stock valued at $10,742,000 after purchasing an additional 7,962 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Aspen Technology by 8.1% in the 3rd quarter. American International Group Inc. now owns 50,354 shares of the technology company’s stock worth $3,163,000 after acquiring an additional 3,764 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Aspen Technology by 14.3% in the 3rd quarter. Nordea Investment Management AB now owns 36,286 shares of the technology company’s stock worth $2,279,000 after acquiring an additional 4,537 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Aspen Technology by 26.7% in the 3rd quarter. Legal & General Group Plc now owns 35,757 shares of the technology company’s stock worth $2,247,000 after acquiring an additional 7,530 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Aspen Technology in the 3rd quarter worth approximately $292,000.

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About Aspen Technology

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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