Aspen Technology (AZPN) Scheduled to Post Earnings on Wednesday

Aspen Technology (NASDAQ:AZPNGet Rating) is set to post its quarterly earnings results after the market closes on Wednesday, April 27th. Analysts expect Aspen Technology to post earnings of $1.27 per share for the quarter. Aspen Technology has set its FY22 guidance at $5.23-5.39 EPS and its FY23 guidance at $5.23-5.39 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Aspen Technology (NASDAQ:AZPNGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The technology company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.30). The business had revenue of $171.36 million for the quarter, compared to analyst estimates of $188.17 million. Aspen Technology had a return on equity of 38.51% and a net margin of 38.80%. During the same quarter last year, the company earned $1.93 EPS. On average, analysts expect Aspen Technology to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

AZPN opened at $161.82 on Wednesday. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. Aspen Technology has a fifty-two week low of $122.29 and a fifty-two week high of $169.22. The company’s 50-day moving average price is $151.18 and its 200 day moving average price is $150.74. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.38.

Several equities research analysts recently weighed in on the stock. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Thursday, March 17th. StockNews.com started coverage on shares of Aspen Technology in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Aspen Technology currently has a consensus rating of “Hold” and an average price target of $167.71.

Several large investors have recently made changes to their positions in AZPN. Morgan Stanley increased its stake in shares of Aspen Technology by 333.3% in the second quarter. Morgan Stanley now owns 153,954 shares of the technology company’s stock valued at $21,174,000 after purchasing an additional 118,426 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Aspen Technology in the fourth quarter valued at approximately $271,000. LPL Financial LLC boosted its holdings in shares of Aspen Technology by 4.7% in the fourth quarter. LPL Financial LLC now owns 22,066 shares of the technology company’s stock valued at $3,358,000 after acquiring an additional 985 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Aspen Technology in the fourth quarter valued at approximately $707,000. Finally, Cetera Investment Advisers bought a new position in shares of Aspen Technology in the fourth quarter valued at approximately $319,000. Institutional investors own 99.64% of the company’s stock.

About Aspen Technology (Get Rating)

Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.

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Earnings History for Aspen Technology (NASDAQ:AZPN)

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