Equities research analysts expect Aspen Group Inc (NASDAQ:ASPU) to post earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aspen Group’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.10). Aspen Group posted earnings of ($0.06) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 83.3%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, September 6th.

On average, analysts expect that Aspen Group will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.24). For the next fiscal year, analysts forecast that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.16) to $0.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Aspen Group.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings data on Thursday, July 12th. The technology company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.04). The business had revenue of $7.23 million during the quarter, compared to analyst estimates of $6.94 million. Aspen Group had a negative return on equity of 30.07% and a negative net margin of 32.07%.

ASPU has been the subject of a number of research analyst reports. ValuEngine upgraded Aspen Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Roth Capital restated a “buy” rating on shares of Aspen Group in a research note on Tuesday, April 24th. Finally, Zacks Investment Research lowered Aspen Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $12.13.

Shares of ASPU stock opened at $7.39 on Friday. The firm has a market capitalization of $132.07 million, a P/E ratio of -18.95 and a beta of 0.64. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.03. Aspen Group has a 1 year low of $5.35 and a 1 year high of $9.61.

In other news, Director Malcolm F. Iv Maclean bought 5,667 shares of Aspen Group stock in a transaction that occurred on Friday, July 13th. The stock was bought at an average price of $7.27 per share, for a total transaction of $41,199.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 26.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASPU. Russell Investments Group Ltd. purchased a new position in shares of Aspen Group during the 2nd quarter valued at about $2,467,000. Unterberg Capital LLC raised its stake in shares of Aspen Group by 35.4% during the 2nd quarter. Unterberg Capital LLC now owns 451,909 shares of the technology company’s stock valued at $3,376,000 after buying an additional 118,263 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new position in shares of Aspen Group during the 2nd quarter valued at about $561,000. Granite Investment Partners LLC purchased a new position in shares of Aspen Group during the 1st quarter valued at about $308,000. Finally, BlackRock Inc. purchased a new position in shares of Aspen Group during the 2nd quarter valued at about $284,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

Aspen Group Company Profile

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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