Aspen Technology (NASDAQ:AZPN – Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $7.47 for the period, compared to the consensus EPS estimate of $7.46. The company issued revenue guidance of $1.19 billion, compared to the consensus revenue estimate of $1.18 billion.
Aspen Technology Stock Performance
NASDAQ:AZPN opened at $236.00 on Thursday. The stock has a 50-day simple moving average of $208.93 and a two-hundred day simple moving average of $205.65. The firm has a market capitalization of $14.95 billion, a PE ratio of -536.36, a P/E/G ratio of 2.63 and a beta of 0.75. Aspen Technology has a 52-week low of $162.26 and a 52-week high of $237.74.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. During the same period in the previous year, the company posted $1.87 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Aspen Technology will post 6.53 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Aspen Technology
Insider Activity at Aspen Technology
In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the sale, the director now directly owns 8,540 shares in the company, valued at $1,871,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
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.
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