Brokerages Expect Aspen Group Inc (NASDAQ:ASPU) to Announce -$0.05 Earnings Per Share

Equities analysts expect Aspen Group Inc (NASDAQ:ASPU) to post ($0.05) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Aspen Group’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.06). Aspen Group reported earnings of ($0.13) per share during the same quarter last year, which suggests a positive year over year growth rate of 61.5%. The business is expected to report its next quarterly earnings report on Monday, March 9th.

On average, analysts expect that Aspen Group will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.24) to ($0.19). For the next fiscal year, analysts forecast that the firm will post earnings of $0.02 per share, with EPS estimates ranging from $0.01 to $0.03. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Aspen Group.

Aspen Group (NASDAQ:ASPU) last released its earnings results on Tuesday, December 10th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. Aspen Group had a negative net margin of 16.23% and a negative return on equity of 25.81%. The business had revenue of $12.09 million during the quarter, compared to analysts’ expectations of $11.61 million.

Several equities analysts recently weighed in on ASPU shares. Northland Securities started coverage on shares of Aspen Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $10.00 target price for the company. Zacks Investment Research raised shares of Aspen Group from a “hold” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research note on Monday. ValuEngine cut shares of Aspen Group from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Canaccord Genuity raised their target price on shares of Aspen Group from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.00.

In other Aspen Group news, Director Malcolm F. Iv Maclean sold 9,291 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $7.17, for a total transaction of $66,616.47. Following the completion of the sale, the director now owns 2,302 shares of the company’s stock, valued at approximately $16,505.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C James Jensen sold 42,181 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $8.03, for a total value of $338,713.43. Following the sale, the director now directly owns 193,608 shares of the company’s stock, valued at approximately $1,554,672.24. The disclosure for this sale can be found here. Insiders have sold a total of 86,589 shares of company stock valued at $669,432 in the last ninety days. Insiders own 16.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Aspen Group by 13.6% during the 2nd quarter. BlackRock Inc. now owns 125,441 shares of the technology company’s stock valued at $477,000 after purchasing an additional 14,972 shares during the last quarter. Connors Investor Services Inc. lifted its holdings in Aspen Group by 17.0% during the 3rd quarter. Connors Investor Services Inc. now owns 41,200 shares of the technology company’s stock valued at $214,000 after purchasing an additional 6,000 shares during the last quarter. Penn Capital Management Co. Inc. lifted its holdings in Aspen Group by 15.9% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 615,034 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 84,177 shares during the last quarter. Penbrook Management LLC lifted its holdings in Aspen Group by 20.5% during the 3rd quarter. Penbrook Management LLC now owns 130,010 shares of the technology company’s stock valued at $674,000 after purchasing an additional 22,080 shares during the last quarter. Finally, O Brien Greene & Co. Inc lifted its holdings in shares of Aspen Group by 18.2% during the second quarter. O Brien Greene & Co. Inc now owns 130,000 shares of the technology company’s stock worth $494,000 after buying an additional 20,000 shares in the last quarter. 28.66% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ASPU traded down $0.34 during midday trading on Thursday, hitting $7.96. The stock had a trading volume of 72,350 shares, compared to its average volume of 144,609. Aspen Group has a 12 month low of $3.58 and a 12 month high of $8.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $7.54 and its 200-day simple moving average is $5.71. The company has a market cap of $152.57 million, a P/E ratio of -15.92 and a beta of 0.90.

About Aspen Group

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.

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