Equities analysts expect that Aspen Technology, Inc. (NASDAQ:AZPN) will report earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Aspen Technology’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.75. Aspen Technology reported earnings per share of $0.53 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The company is expected to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that Aspen Technology will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $2.66 to $3.43. For the next fiscal year, analysts anticipate that the company will report earnings of $3.55 per share, with EPS estimates ranging from $3.43 to $3.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Aspen Technology.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, August 8th. The technology company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The firm had revenue of $125.96 million during the quarter, compared to analyst estimates of $125.60 million. Aspen Technology had a net margin of 29.77% and a negative return on equity of 53.91%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS.

AZPN has been the topic of several research reports. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, August 14th. Berenberg Bank dropped their price objective on shares of Aspen Technology from $127.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 21st. ValuEngine downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Canaccord Genuity boosted their price objective on shares of Aspen Technology from $84.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.63.

Aspen Technology stock traded up $0.64 on Tuesday, reaching $116.00. 431,200 shares of the stock were exchanged, compared to its average volume of 492,649. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 56.31, a P/E/G ratio of 2.45 and a beta of 1.25. Aspen Technology has a twelve month low of $61.71 and a twelve month high of $116.46.

In related news, VP F G. Hammond sold 3,311 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $107.51, for a total value of $355,965.61. Following the sale, the vice president now owns 21,029 shares of the company’s stock, valued at $2,260,827.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Antonio J. Pietri sold 9,193 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $109.44, for a total transaction of $1,006,081.92. Following the completion of the sale, the chief executive officer now directly owns 228,730 shares in the company, valued at approximately $25,032,211.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,250 shares of company stock worth $3,595,936. Insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in Aspen Technology by 18.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the technology company’s stock valued at $362,000 after acquiring an additional 600 shares during the period. Aperio Group LLC increased its stake in Aspen Technology by 5.3% in the first quarter. Aperio Group LLC now owns 12,558 shares of the technology company’s stock valued at $991,000 after acquiring an additional 635 shares during the period. Xact Kapitalforvaltning AB increased its stake in Aspen Technology by 7.8% in the second quarter. Xact Kapitalforvaltning AB now owns 9,695 shares of the technology company’s stock valued at $899,000 after acquiring an additional 700 shares during the period. FDx Advisors Inc. increased its stake in Aspen Technology by 26.5% in the second quarter. FDx Advisors Inc. now owns 3,536 shares of the technology company’s stock valued at $328,000 after acquiring an additional 740 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Aspen Technology by 266.7% in the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after acquiring an additional 800 shares during the period. 98.42% of the stock is currently owned by institutional investors and hedge funds.

About Aspen Technology

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It 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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Earnings History and Estimates for Aspen Technology (NASDAQ:AZPN)

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