Aspen Aerogels, Inc. (NYSE:ASPN) Forecasted to Earn Q2 2022 Earnings of ($0.50) Per Share

Aspen Aerogels, Inc. (NYSE:ASPNGet Rating) – Analysts at Seaport Res Ptn raised their Q2 2022 earnings per share (EPS) estimates for shares of Aspen Aerogels in a report released on Sunday, May 1st. Seaport Res Ptn analyst T. Curran now anticipates that the construction company will post earnings per share of ($0.50) for the quarter, up from their previous forecast of ($0.51). Seaport Res Ptn also issued estimates for Aspen Aerogels’ Q3 2022 earnings at ($0.45) EPS, Q4 2022 earnings at ($0.44) EPS, FY2022 earnings at ($1.97) EPS, Q1 2023 earnings at ($0.42) EPS, Q2 2023 earnings at ($0.41) EPS, Q3 2023 earnings at ($0.37) EPS, Q4 2023 earnings at ($0.33) EPS, FY2023 earnings at ($1.53) EPS and FY2024 earnings at $0.14 EPS.

A number of other analysts also recently issued reports on ASPN. Canaccord Genuity Group reduced their price objective on Aspen Aerogels from $47.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday. B. Riley reduced their price objective on Aspen Aerogels from $59.00 to $44.00 in a research note on Friday, April 29th. HC Wainwright dropped their target price on Aspen Aerogels from $65.00 to $45.00 and set a “buy” rating for the company in a report on Friday, February 18th. Piper Sandler dropped their target price on Aspen Aerogels from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, February 18th. Finally, Zacks Investment Research upgraded Aspen Aerogels from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $48.55.

NYSE:ASPN opened at $22.78 on Wednesday. Aspen Aerogels has a 1 year low of $16.65 and a 1 year high of $65.99. The stock’s 50 day simple moving average is $29.15 and its two-hundred day simple moving average is $39.67.

Aspen Aerogels (NYSE:ASPNGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The construction company reported ($0.59) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.11). Aspen Aerogels had a negative return on equity of 38.80% and a negative net margin of 38.15%. During the same period in the prior year, the company posted ($0.22) earnings per share.

Hedge funds have recently modified their holdings of the business. National Bank of Canada FI bought a new position in shares of Aspen Aerogels in the 4th quarter worth $447,000. EAM Global Investors LLC raised its position in shares of Aspen Aerogels by 709.3% in the 3rd quarter. EAM Global Investors LLC now owns 84,747 shares of the construction company’s stock worth $3,899,000 after acquiring an additional 74,275 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Aspen Aerogels in the 3rd quarter worth $49,000. Advisor Group Holdings Inc. raised its position in shares of Aspen Aerogels by 840.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,081 shares of the construction company’s stock worth $49,000 after acquiring an additional 966 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Aspen Aerogels in the 4th quarter worth $499,000. Institutional investors and hedge funds own 99.90% of the company’s stock.

In other news, Director Robert M. Gervis bought 135,870 shares of the stock in a transaction on Tuesday, March 22nd. The stock was acquired at an average cost of $33.12 per share, for a total transaction of $4,500,014.40. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Koch Industries Inc bought 1,791,986 shares of the stock in a transaction on Monday, March 28th. The stock was purchased at an average price of $27.90 per share, with a total value of $49,996,409.40. The disclosure for this purchase can be found here. 13.30% of the stock is owned by insiders.

About Aspen Aerogels (Get Rating)

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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Earnings History and Estimates for Aspen Aerogels (NYSE:ASPN)

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