$0.50 EPS Expected for Aspen Technology, Inc. (AZPN) This Quarter
Brokerages expect Aspen Technology, Inc. (NASDAQ:AZPN) to announce $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Aspen Technology’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.52. Aspen Technology reported earnings per share of $0.52 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The company is expected to issue its next earnings report on Thursday, January 25th.
On average, analysts expect that Aspen Technology will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $1.97 to $2.14. For the next fiscal year, analysts anticipate that the business will report earnings of $2.34 per share, with EPS estimates ranging from $2.12 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $121.73 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 2.2% compared to the same quarter last year.
Aspen Technology (NASDAQ AZPN) traded up $0.76 during trading hours on Friday, hitting $70.78. 397,448 shares of the stock traded hands, compared to its average volume of 282,539. Aspen Technology has a one year low of $52.23 and a one year high of $71.44. The company has a market cap of $5,134.03, a P/E ratio of 32.92 and a beta of 1.23.
In other Aspen Technology news, insider Karl E. Johnsen sold 2,619 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $64.41, for a total value of $168,689.79. Following the transaction, the insider now directly owns 40,063 shares in the company, valued at $2,580,457.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP F G. Hammond sold 1,578 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $65.00, for a total transaction of $102,570.00. Following the completion of the transaction, the vice president now owns 26,108 shares in the company, valued at $1,697,020. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,197 shares of company stock worth $931,360. 0.60% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in AZPN. First Manhattan Co. acquired a new position in Aspen Technology in the third quarter valued at about $125,000. Pacad Investment Ltd. acquired a new position in Aspen Technology in the second quarter valued at about $166,000. Advisor Group Inc. boosted its position in Aspen Technology by 69.9% in the second quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after buying an additional 1,296 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Aspen Technology by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after buying an additional 357 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in Aspen Technology in the third quarter valued at about $203,000.
About Aspen Technology
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
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