Aspen Technology (AZPN) Expected to Announce Quarterly Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN) is expected to be announcing its earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $1.60 per share and revenue of $297.35 million for the quarter.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, analysts expect Aspen Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aspen Technology Stock Performance

Shares of NASDAQ AZPN opened at $264.33 on Friday. The company has a fifty day moving average price of $264.40 and a 200 day moving average price of $256.04. The firm has a market cap of $16.73 billion, a PE ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology has a 1-year low of $171.25 and a 1-year high of $277.37.

Analyst Ratings Changes

A number of research analysts recently issued reports on AZPN shares. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Piper Sandler lifted their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. StockNews.com began coverage on shares of Aspen Technology in a research report on Thursday. They issued a “hold” rating for the company. Finally, Robert W. Baird reissued a “neutral” rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $272.00.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.