Aspen Technology (NASDAQ:AZPN) will be posting its quarterly earnings results after the market closes on Wednesday, January 23rd. Analysts expect Aspen Technology to post earnings of $0.58 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The firm had revenue of $114.17 million during the quarter, compared to the consensus estimate of $113.49 million. Aspen Technology had a net margin of 30.96% and a negative return on equity of 168.12%. On average, analysts expect Aspen Technology to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
AZPN stock opened at $90.97 on Monday. The firm has a market cap of $6.44 billion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 1.79 and a beta of 1.37. Aspen Technology has a 52-week low of $68.12 and a 52-week high of $118.86.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Aspen Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Zacks Investment Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Benchmark raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, January 4th. TheStreet raised shares of Aspen Technology from a “d-” rating to a “b” rating in a research note on Friday, October 26th. Finally, Canaccord Genuity raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $106.29.
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Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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