Aspen Group (NASDAQ:ASPU) Posts Earnings Results, Misses Estimates By $0.03 EPS
Aspen Group (NASDAQ:ASPU) released its quarterly earnings results on Monday. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03), Fidelity Earnings reports. Aspen Group had a negative net margin of 22.92% and a negative return on equity of 30.90%. The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $10.06 million.
Shares of NASDAQ:ASPU opened at $5.58 on Thursday. The stock has a market capitalization of $94.36 million, a P/E ratio of -11.16 and a beta of 0.63. Aspen Group has a 1-year low of $3.58 and a 1-year high of $7.35. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $4.27 and a two-hundred day moving average price of $4.49.
A number of research analysts recently issued reports on the company. Zacks Investment Research cut Aspen Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. ValuEngine raised Aspen Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Roth Capital set a $10.00 price target on Aspen Group and gave the company a “buy” rating in a report on Wednesday, September 4th. Lake Street Capital set a $10.00 price target on Aspen Group and gave the company a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity assumed coverage on Aspen Group in a report on Monday. They issued a “buy” rating and a $8.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $8.13.
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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