Wall Street analysts predict that Aspen Technology, Inc. (NASDAQ:AZPN) will announce $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Aspen Technology’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.75. Aspen Technology reported earnings of $0.53 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is scheduled to report 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 financial year, analysts forecast that the firm will report earnings of $3.55 per share, with EPS estimates ranging from $3.43 to $3.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Aspen Technology.

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

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Aspen Technology from $90.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 22nd. Wedbush increased their price target on shares of Aspen Technology from $80.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, ValuEngine downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $97.63.

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,250 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $107.76, for a total value of $134,700.00. Following the sale, the director now owns 10,637 shares in the company, valued at $1,146,243.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP F G. Hammond sold 3,311 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $107.51, for a total transaction of $355,965.61. Following the completion of the sale, the vice president now owns 21,029 shares in the company, valued at approximately $2,260,827.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,250 shares of company stock worth $3,595,936. Corporate insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in Aspen Technology in the second quarter worth about $847,000. Carillon Tower Advisers Inc. grew its holdings in shares of Aspen Technology by 67.5% during the second quarter. Carillon Tower Advisers Inc. now owns 157,975 shares of the technology company’s stock valued at $14,651,000 after buying an additional 63,675 shares during the last quarter. GAM Holding AG purchased a new stake in shares of Aspen Technology during the second quarter valued at approximately $398,000. World Asset Management Inc purchased a new stake in shares of Aspen Technology during the second quarter valued at approximately $231,000. Finally, Barings LLC purchased a new stake in shares of Aspen Technology during the second quarter valued at approximately $343,000. Institutional investors and hedge funds own 98.40% of the company’s stock.

AZPN stock traded up $0.92 during trading on Friday, reaching $113.13. The company had a trading volume of 274,400 shares, compared to its average volume of 488,944. Aspen Technology has a 52 week low of $61.71 and a 52 week high of $118.86. The company has a market cap of $8.01 billion, a P/E ratio of 54.94, a PEG ratio of 2.40 and a beta of 1.26.

Aspen Technology Company Profile

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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