Aspen Technology (AZPN) to Release Quarterly Earnings on Monday

Aspen Technology (NASDAQ:AZPN) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Aspen Technology has set its FY25 guidance at $7.47 EPS and its FY 2025 guidance at 7.470-7.470 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The company had revenue of $342.91 million for the quarter, compared to analysts’ expectations of $319.10 million. During the same quarter in the previous year, the firm posted $1.87 EPS. Aspen Technology’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect Aspen Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aspen Technology Trading Down 0.5 %

Shares of NASDAQ AZPN opened at $233.67 on Friday. The stock has a fifty day simple moving average of $232.34 and a two-hundred day simple moving average of $212.23. Aspen Technology has a 1-year low of $162.26 and a 1-year high of $244.85. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of -1,466.97, a price-to-earnings-growth ratio of 2.81 and a beta of 0.76.

Insiders Place Their Bets

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AZPN has been the subject of several recent research reports. Bank of America lifted their price objective on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird raised their price target on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Loop Capital boosted their price objective on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Piper Sandler lifted their target price on Aspen Technology from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.40.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.