Aspen Technology (AZPN) to Release Quarterly Earnings on Monday

Aspen Technology (NASDAQ:AZPN) is set to issue its quarterly earnings data 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.Parties interested in participating in the company’s 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 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.49. The business had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.87 EPS. 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 Price Performance

Aspen Technology stock opened at $236.77 on Monday. Aspen Technology has a 1 year low of $162.26 and a 1 year high of $240.82. The firm’s 50 day moving average price is $230.53 and its 200-day moving average price is $211.48. The stock has a market cap of $14.99 billion, a P/E ratio of -538.11, a PEG ratio of 2.75 and a beta of 0.76.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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