Aspen Technology (AZPN) Set to Announce Quarterly Earnings on Monday

Aspen Technology (NASDAQ:AZPN - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Aspen Technology to post 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.Individual interested in registering for the company's earnings conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last posted its earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.49. The firm had revenue of $342.91 million during the quarter, compared to analysts' expectations of $319.10 million. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. 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 Stock Performance

Shares of Aspen Technology stock traded up $3.15 during midday trading on Monday, reaching $239.92. 149,332 shares of the company's stock traded hands, compared to its average volume of 203,001. Aspen Technology has a 52 week low of $162.26 and a 52 week high of $240.82. The company's 50 day simple moving average is $230.53 and its 200 day simple moving average is $211.48. The company has a market cap of $15.19 billion, a price-to-earnings ratio of -543.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76.

Insider Transactions at Aspen Technology

In other Aspen Technology 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 completion of the sale, the director now directly owns 8,540 shares of the company's stock, valued at $1,871,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America boosted their price target 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 upped their target price on Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Piper Sandler lifted their price target on shares of Aspen Technology from $200.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, September 18th. Finally, Loop Capital boosted their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $248.40.

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.