Equities research analysts expect Aspen Technology, Inc. (NASDAQ:AZPN) to post sales of $122.78 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Aspen Technology’s earnings. The highest sales estimate is $132.19 million and the lowest is $116.60 million. Aspen Technology posted sales of $124.90 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Aspen Technology will report full year sales of $550.61 million for the current year, with estimates ranging from $527.40 million to $563.30 million. For the next financial year, analysts anticipate that the business will report sales of $576.57 million, with estimates ranging from $542.60 million to $600.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, October 24th. The technology company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. Aspen Technology had a negative return on equity of 168.12% and a net margin of 30.96%. The company had revenue of $114.17 million for the quarter, compared to analysts’ expectations of $113.49 million.
NASDAQ:AZPN traded down $2.41 on Friday, hitting $84.24. 644,900 shares of the company’s stock traded hands, compared to its average volume of 513,914. Aspen Technology has a 1 year low of $65.03 and a 1 year high of $118.86. The stock has a market cap of $5.88 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.52.
In related news, Director Gary E. Haroian sold 10,058 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio J. Pietri sold 9,193 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $109.44, for a total value of $1,006,081.92. Following the completion of the sale, the chief executive officer now directly owns 228,730 shares of the company’s stock, valued at approximately $25,032,211.20. The disclosure for this sale can be found here. In the last three months, insiders sold 35,637 shares of company stock valued at $3,788,543. 0.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. grew its stake in shares of Aspen Technology by 266.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after buying an additional 800 shares in the last quarter. Fort L.P. bought a new stake in shares of Aspen Technology in the 2nd quarter valued at approximately $118,000. Willingdon Wealth Management bought a new stake in shares of Aspen Technology in the 3rd quarter valued at approximately $121,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Aspen Technology by 411.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,753 shares of the technology company’s stock valued at $163,000 after buying an additional 1,410 shares in the last quarter. Finally, Hexavest Inc. bought a new stake in shares of Aspen Technology in the 3rd quarter valued at approximately $168,000. 98.68% of the stock is owned by institutional investors and hedge funds.
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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