Aspen Technology (AZPN) Set to Announce Quarterly Earnings on Tuesday
Aspen Technology (NASDAQ:AZPN) is set to issue its quarterly earnings data on Tuesday, April 29th. Persons interested in listening to the company’s earnings conference call can do so using this link.
Aspen Technology (NASDAQ:AZPN) last released its earnings data on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $88.53 million. On average, analysts expect Aspen Technology to post $0.83 EPS for the current fiscal year and $0.98 EPS for the next fiscal year.
Shares of Aspen Technology (NASDAQ:AZPN) opened at 39.06 on Monday. Aspen Technology has a 52 week low of $26.55 and a 52 week high of $48.39. The stock has a 50-day moving average of $42.52 and a 200-day moving average of $41.1. The company has a market cap of $3.613 billion and a price-to-earnings ratio of 54.10.
A number of research firms have recently commented on AZPN. Analysts at Benchmark Co. raised their price target on shares of Aspen Technology from $40.00 to $50.00 in a research note on Friday, January 31st. On the ratings front, analysts at Pacific Crest raised their price target on shares of Aspen Technology from $43.00 to $50.00 in a research note on Friday, January 31st. Finally, analysts at Canaccord Genuity raised their price target on shares of Aspen Technology from $50.00 to $52.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.77.
Aspen Technology, Inc, is a provider of process optimization software solutions. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, engineering and construction industries.
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