Aspen Technology, Inc. (AZPN) Expected to Post Earnings of $0.64 Per Share

Equities research analysts predict that Aspen Technology, Inc. (NASDAQ:AZPN) will announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Aspen Technology’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.47. Aspen Technology reported earnings per share of $0.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The company is scheduled to report its next earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Aspen Technology will report full-year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $3.43. For the next year, analysts expect that the business will report earnings of $3.60 per share, with EPS estimates ranging from $3.44 to $3.79. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Aspen Technology.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The business had revenue of $114.17 million during the quarter, compared to analysts’ expectations of $113.49 million. Aspen Technology had a negative return on equity of 168.12% and a net margin of 30.96%.

A number of brokerages have issued reports on AZPN. BidaskClub cut Aspen Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. TheStreet raised Aspen Technology from a “d-” rating to a “b” rating in a research report on Friday, October 26th. Zacks Investment Research cut Aspen Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Berenberg Bank decreased their target price on Aspen Technology from $127.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Finally, Canaccord Genuity upped their target price on Aspen Technology from $84.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $102.00.

In other Aspen Technology news, insider Karl E. Johnsen sold 2,387 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $80.69, for a total transaction of $192,607.03. Following the completion of the sale, the insider now owns 35,058 shares of the company’s stock, valued at $2,828,830.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary E. Haroian sold 10,058 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $107.30, for a total value of $1,079,223.40. The disclosure for this sale can be found here. Insiders have sold 35,637 shares of company stock valued at $3,788,543 in the last ninety days. Company insiders own 0.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AZPN. Daiwa Securities Group Inc. boosted its position in shares of Aspen Technology by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the technology company’s stock valued at $362,000 after acquiring an additional 600 shares during the period. United Services Automobile Association boosted its position in shares of Aspen Technology by 5.9% in the second quarter. United Services Automobile Association now owns 12,148 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 673 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Aspen Technology by 7.8% in the second quarter. Xact Kapitalforvaltning AB now owns 9,695 shares of the technology company’s stock valued at $899,000 after acquiring an additional 700 shares during the period. FDx Advisors Inc. boosted its position in shares of Aspen Technology by 26.5% in the second quarter. FDx Advisors Inc. now owns 3,536 shares of the technology company’s stock valued at $328,000 after acquiring an additional 740 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Aspen Technology by 266.7% in the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after acquiring an additional 800 shares during the period. 98.68% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AZPN traded up $3.64 during trading hours on Friday, hitting $86.78. The stock had a trading volume of 29,559 shares, compared to its average volume of 713,305. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.80 and a beta of 1.52. Aspen Technology has a 52 week low of $64.96 and a 52 week high of $118.86.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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