Aspen Technology (NASDAQ:AZPN) Updates FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN - Get Free Report) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $7.52 for the period, compared to the consensus earnings per share estimate of $7.46. The company issued revenue guidance of $1.19 billion, compared to the consensus revenue estimate of $1.19 billion.

Aspen Technology Trading Up 1.7 %

AZPN stock traded up $3.92 during trading on Monday, reaching $237.59. The stock had a trading volume of 209,588 shares, compared to its average volume of 202,024. The firm has a fifty day moving average price of $232.68 and a 200 day moving average price of $212.65. The company has a market capitalization of $15.03 billion, a P/E ratio of -1,482.25, a PEG ratio of 2.74 and a beta of 0.76. Aspen Technology has a 1-year low of $162.26 and a 1-year high of $244.85.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its earnings results on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $1.88 by $0.49. The company had revenue of $342.91 million during the quarter, compared to analysts' expectations of $319.10 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The business's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 EPS. Sell-side analysts predict that Aspen Technology will post 6.53 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on AZPN shares. 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 report on Wednesday, September 18th. Bank of America lifted their target price on Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Loop Capital increased their price target on Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Finally, Robert W. Baird boosted their price objective on Aspen Technology from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Aspen Technology has an average rating of "Moderate Buy" and a consensus price target of $248.40.

Insider Buying and Selling

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the sale, the director now directly owns 8,540 shares of the company's stock, valued at $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. 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 insiders.

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.

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