Aspen Technology, Inc. (NASDAQ:AZPN) Expected to Announce Earnings of $1.36 Per Share

Equities research analysts expect that Aspen Technology, Inc. (NASDAQ:AZPNGet Rating) will announce earnings per share (EPS) of $1.36 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Aspen Technology’s earnings, with estimates ranging from $1.25 to $1.46. Aspen Technology posted earnings of $1.05 per share during the same quarter last year, which suggests a positive year over year growth rate of 29.5%. The firm is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Aspen Technology will report full year earnings of $5.31 per share for the current financial year, with EPS estimates ranging from $5.28 to $5.35. For the next financial year, analysts expect that the business will report earnings of $5.26 per share, with EPS estimates ranging from $4.68 to $5.84. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Aspen Technology.

Aspen Technology (NASDAQ:AZPNGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The technology company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.30). Aspen Technology had a net margin of 38.80% and a return on equity of 38.51%. The business had revenue of $171.36 million during the quarter, compared to analyst estimates of $188.17 million. During the same quarter in the previous year, the firm posted $1.93 earnings per share.

AZPN has been the subject of a number of recent research reports. StockNews.com started coverage on Aspen Technology in a report on Thursday, March 31st. They issued a “hold” rating for the company. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a research report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.71.

NASDAQ AZPN traded down $5.15 during trading on Friday, reaching $156.91. The company’s stock had a trading volume of 446,828 shares, compared to its average volume of 403,452. The firm has a 50 day moving average price of $152.35 and a 200 day moving average price of $151.29. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.38. Aspen Technology has a 12 month low of $122.29 and a 12 month high of $169.22.

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. grew its position in shares of Aspen Technology by 956.3% in the fourth quarter. First Horizon Advisors Inc. now owns 169 shares of the technology company’s stock valued at $25,000 after purchasing an additional 153 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in Aspen Technology in the 4th quarter valued at about $28,000. Parallel Advisors LLC lifted its position in Aspen Technology by 97.2% in the 4th quarter. Parallel Advisors LLC now owns 213 shares of the technology company’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. JFS Wealth Advisors LLC bought a new stake in Aspen Technology in the 4th quarter valued at about $33,000. Finally, National Bank of Canada FI bought a new stake in shares of Aspen Technology during the 4th quarter worth about $34,000. Hedge funds and other 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 and Estimates for Aspen Technology (NASDAQ:AZPN)

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