Aspen Technology, Inc. (AZPN) Expected to Announce Earnings of $0.84 Per Share

Analysts expect Aspen Technology, Inc. (NASDAQ:AZPN) to report $0.84 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Aspen Technology’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.81. Aspen Technology reported earnings per share of $0.58 in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.8%. The business is scheduled to report its next earnings report on Wednesday, April 24th.

On average, analysts expect that Aspen Technology will report full year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.60. For the next fiscal year, analysts expect that the company will report earnings of $3.50 per share, with EPS estimates ranging from $3.31 to $3.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Aspen Technology.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.29. Aspen Technology had a net margin of 34.19% and a return on equity of 204.42%. The business had revenue of $140.42 million during the quarter, compared to analyst estimates of $122.04 million. During the same period in the previous year, the business earned $1.88 EPS. Aspen Technology’s revenue was up 33.1% compared to the same quarter last year.

A number of research analysts recently weighed in on AZPN shares. Canaccord Genuity upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Wednesday, November 28th. BidaskClub upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Benchmark upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, January 4th. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, January 21st. Finally, Wedbush restated a “neutral” rating and set a $99.00 price target (down from $104.00) on shares of Aspen Technology in a research report on Thursday, January 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $106.86.

Aspen Technology stock traded up $0.34 during mid-day trading on Wednesday, reaching $102.86. The company’s stock had a trading volume of 267,536 shares, compared to its average volume of 405,315. Aspen Technology has a 12-month low of $74.84 and a 12-month high of $118.86. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 49.93 and a beta of 1.56.

In other news, CEO Antonio J. Pietri sold 7,095 shares of Aspen Technology stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.49, for a total transaction of $705,881.55. Following the completion of the sale, the chief executive officer now directly owns 237,920 shares of the company’s stock, valued at approximately $23,670,660.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jr. Robert M. Whelan sold 1,250 shares of Aspen Technology stock in a transaction on Friday, February 1st. The stock was sold at an average price of $96.86, for a total transaction of $121,075.00. Following the sale, the director now directly owns 10,232 shares of the company’s stock, valued at $991,071.52. The disclosure for this sale can be found here. Insiders have sold a total of 16,443 shares of company stock valued at $1,611,897 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AZPN. Riverview Trust Co bought a new stake in Aspen Technology in the fourth quarter worth $65,000. First Hawaiian Bank lifted its stake in Aspen Technology by 478.4% in the fourth quarter. First Hawaiian Bank now owns 885 shares of the technology company’s stock worth $73,000 after purchasing an additional 732 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Aspen Technology by 75.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the technology company’s stock worth $113,000 after purchasing an additional 600 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Aspen Technology by 11.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,244 shares of the technology company’s stock worth $184,000 after purchasing an additional 229 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new stake in Aspen Technology in the third quarter worth $231,000. 98.24% of the stock is owned by institutional investors.

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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