Equities research analysts expect Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) to report $193.32 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Aspen Technology’s earnings. The lowest sales estimate is $182.42 million and the highest is $199.70 million. Aspen Technology reported sales of $162.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.8%. The firm is expected to issue its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Aspen Technology will report full-year sales of $745.70 million for the current fiscal year, with estimates ranging from $742.87 million to $748.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $778.17 million, with estimates ranging from $748.31 million to $813.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN – Get Rating) last released its quarterly earnings results on Wednesday, January 26th. The technology company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.30). The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $188.17 million. Aspen Technology had a return on equity of 38.51% and a net margin of 38.80%. During the same quarter last year, the company earned $1.93 earnings per share.
Several brokerages have recently issued reports on AZPN. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research note on Thursday, March 17th. StockNews.com began coverage on Aspen Technology in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.71.
Shares of NASDAQ AZPN opened at $156.91 on Monday. The stock has a market cap of $10.46 billion, a P/E ratio of 41.29, a PEG ratio of 4.46 and a beta of 1.31. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.38. Aspen Technology has a 12-month low of $122.29 and a 12-month high of $169.22. The business’s fifty day simple moving average is $152.35 and its 200-day simple moving average is $151.57.
Several institutional investors have recently modified their holdings of AZPN. Barclays PLC grew its stake in Aspen Technology by 17.6% in the 3rd quarter. Barclays PLC now owns 130,182 shares of the technology company’s stock worth $15,986,000 after acquiring an additional 19,498 shares during the period. SG Americas Securities LLC lifted its holdings in Aspen Technology by 171.2% in the 3rd quarter. SG Americas Securities LLC now owns 25,031 shares of the technology company’s stock worth $3,074,000 after buying an additional 15,802 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Aspen Technology by 22.3% in the 4th quarter. Brown Advisory Inc. now owns 37,062 shares of the technology company’s stock worth $5,641,000 after buying an additional 6,746 shares in the last quarter. NewEdge Wealth LLC raised its stake in shares of Aspen Technology by 4.0% in the 3rd quarter. NewEdge Wealth LLC now owns 20,640 shares of the technology company’s stock valued at $2,535,000 after purchasing an additional 785 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Aspen Technology in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.
About Aspen Technology (Get Rating)
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
Featured Articles
Get a free copy of the Zacks research report on Aspen Technology (AZPN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.
Gloss