Aspen Aerogels, Inc. (NYSE:ASPN) to Post Q4 2024 Earnings of ($0.01) Per Share, Roth Capital Forecasts

Aspen Aerogels, Inc. (NYSE:ASPN) – Equities researchers at Roth Capital cut their Q4 2024 earnings estimates for Aspen Aerogels in a research note issued to investors on Friday, May 3rd. Roth Capital analyst C. Moore now expects that the construction company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for Aspen Aerogels’ current full-year earnings is $0.03 per share.

A number of other research firms have also recently issued reports on ASPN. Roth Mkm reiterated a “buy” rating and issued a $22.00 price objective on shares of Aspen Aerogels in a report on Tuesday, April 30th. Piper Sandler upped their target price on Aspen Aerogels from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday. Canaccord Genuity Group increased their price target on shares of Aspen Aerogels from $18.00 to $28.00 and gave the company a “buy” rating in a research report on Friday. TheStreet upgraded shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Finally, B. Riley increased their target price on shares of Aspen Aerogels from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aspen Aerogels has an average rating of “Moderate Buy” and an average price target of $25.17.

Aspen Aerogels Stock Up 5.3 %

ASPN opened at $25.11 on Monday. The business’s fifty day simple moving average is $16.72 and its 200 day simple moving average is $13.77. Aspen Aerogels has a 52 week low of $5.32 and a 52 week high of $25.65. The company has a quick ratio of 2.91, a current ratio of 3.41 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.93 billion, a PE ratio of -57.07 and a beta of 1.97.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. The firm had revenue of $84.22 million for the quarter, compared to analyst estimates of $83.82 million. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.54%. During the same quarter in the prior year, the firm earned ($0.20) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Aspen Aerogels by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock worth $29,635,000 after buying an additional 14,013 shares in the last quarter. AIGH Capital Management LLC lifted its stake in shares of Aspen Aerogels by 3.0% in the 4th quarter. AIGH Capital Management LLC now owns 1,804,484 shares of the construction company’s stock valued at $28,475,000 after purchasing an additional 52,462 shares during the period. Federated Hermes Inc. lifted its position in Aspen Aerogels by 53.9% during the fourth quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company’s stock valued at $18,211,000 after buying an additional 404,042 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of Aspen Aerogels by 13.5% during the 3rd quarter. UniSuper Management Pty Ltd now owns 1,083,836 shares of the construction company’s stock valued at $9,321,000 after buying an additional 128,974 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Aspen Aerogels in the 4th quarter worth about $12,015,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.