Wall Street analysts expect that Aspen Group Inc (NASDAQ:ASPU) will announce ($0.12) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Aspen Group’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.13). Aspen Group reported earnings per share of ($0.04) during the same quarter last year, which would indicate a negative year over year growth rate of 200%. The company is scheduled to issue its next quarterly earnings report on Wednesday, December 12th.

On average, analysts expect that Aspen Group will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.42) to ($0.36). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.13) to $0.01. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Aspen Group.

Aspen Group (NASDAQ:ASPU) last posted its earnings results on Thursday, September 6th. The technology company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The firm had revenue of $7.22 million for the quarter, compared to analysts’ expectations of $7.19 million. Aspen Group had a negative return on equity of 31.50% and a negative net margin of 36.53%.

A number of research firms have commented on ASPU. Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. ValuEngine upgraded Aspen Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Aspen Group presently has an average rating of “Hold” and a consensus target price of $12.13.

ASPU traded down $0.37 during trading on Friday, reaching $6.70. 3,743 shares of the stock were exchanged, compared to its average volume of 43,444. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.80 and a current ratio of 2.81. The company has a market cap of $129.74 million, a price-to-earnings ratio of -18.21 and a beta of 0.67. Aspen Group has a 1 year low of $5.85 and a 1 year high of $9.61.

In related news, Director Malcolm F. Iv Maclean purchased 5,667 shares of the business’s stock in a transaction dated Friday, July 13th. The stock was bought at an average cost of $7.27 per share, with a total value of $41,199.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 11,752 shares of company stock valued at $84,296. Insiders own 26.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Aspen Group in the 2nd quarter valued at approximately $2,467,000. Unterberg Capital LLC lifted its holdings in shares of Aspen Group by 35.4% in the second quarter. Unterberg Capital LLC now owns 451,909 shares of the technology company’s stock valued at $3,376,000 after purchasing an additional 118,263 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new stake in shares of Aspen Group in the second quarter valued at $561,000. BlackRock Inc. purchased a new stake in shares of Aspen Group in the second quarter valued at $284,000. Finally, Granite Investment Partners LLC lifted its holdings in shares of Aspen Group by 74.5% in the second quarter. Granite Investment Partners LLC now owns 76,073 shares of the technology company’s stock valued at $569,000 after purchasing an additional 32,476 shares in the last quarter. 16.57% of the stock is owned by institutional investors.

About Aspen Group

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.

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Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

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