Aspen Technology (NASDAQ:AZPN) Releases Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Aspen Technology (NASDAQ:AZPN - Get Free Report) announced its quarterly earnings results on Monday. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54), Briefing.com reports. The firm had revenue of $215.90 million for the quarter, compared to analysts' expectations of $265.04 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. Aspen Technology's revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Price Performance

AZPN stock traded up $3.41 during trading hours on Tuesday, reaching $241.00. The stock had a trading volume of 2,419,312 shares, compared to its average volume of 212,387. The stock has a market capitalization of $15.24 billion, a PE ratio of -1,504.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76. The stock has a 50-day simple moving average of $233.16 and a 200 day simple moving average of $212.94. Aspen Technology has a fifty-two week low of $162.26 and a fifty-two week high of $248.00.

Insider Buying and Selling at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the transaction, the director now directly owns 8,540 shares of the company's stock, valued at $1,871,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird upped their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Loop Capital upped their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Bank of America upped their target price on shares of Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Finally, Piper Sandler upped their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $253.00.

Aspen Technology Company Profile

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.