Equities research analysts expect Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) to post $2.11 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Aspen Technology’s earnings, with the lowest EPS estimate coming in at $2.06 and the highest estimate coming in at $2.15. Aspen Technology reported earnings per share of $1.53 in the same quarter last year, which would suggest a positive year over year growth rate of 37.9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Aspen Technology will report full year earnings of $5.42 per share for the current financial year, with EPS estimates ranging from $5.28 to $5.48. For the next year, analysts forecast that the firm will post earnings of $5.41 per share, with EPS estimates ranging from $4.68 to $5.91. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Aspen Technology had a net margin of 39.22% and a return on equity of 40.86%. The firm had revenue of $187.75 million for the quarter, compared to the consensus estimate of $190.61 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis.
Shares of Aspen Technology stock opened at $165.75 on Friday. Aspen Technology has a 12-month low of $122.29 and a 12-month high of $170.16. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 3.96 and a beta of 1.26. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $156.97 and its 200-day moving average price is $151.77.
In other news, Director Jr. Robert M. Whelan sold 4,010 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $159.07, for a total value of $637,870.70. Following the completion of the sale, the director now directly owns 12,865 shares in the company, valued at approximately $2,046,435.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Morgan Stanley lifted its position in 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 last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Aspen Technology by 2.8% during the third quarter. Advisor Group Holdings Inc. now owns 23,690 shares of the technology company’s stock valued at $2,911,000 after purchasing an additional 638 shares during the period. JustInvest LLC purchased a new stake in shares of Aspen Technology during the third quarter valued at approximately $351,000. Barclays PLC boosted its stake in shares of Aspen Technology by 17.6% during the third quarter. Barclays PLC now owns 130,182 shares of the technology company’s stock valued at $15,986,000 after purchasing an additional 19,498 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Aspen Technology by 8.5% during the third quarter. CIBC Asset Management Inc now owns 2,722 shares of the technology company’s stock valued at $334,000 after purchasing an additional 214 shares during the period. Institutional investors own 96.49% 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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