Aspen Technology (NASDAQ:AZPN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Aspen Technology has set its FY19 guidance at $3.37-3.60 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.29. The business had revenue of $140.42 million during the quarter, compared to the consensus estimate of $122.04 million. Aspen Technology had a return on equity of 204.42% and a net margin of 34.19%. Aspen Technology’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. On average, analysts expect Aspen Technology to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
AZPN stock opened at $108.42 on Monday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 52.63 and a beta of 1.56. Aspen Technology has a twelve month low of $74.84 and a twelve month high of $118.86.
A number of research analysts have weighed in on the company. BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Benchmark upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, January 4th. KeyCorp assumed coverage on Aspen Technology in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $120.00 price target for the company. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Aspen Technology in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $108.00.
Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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