Aspen Technology (AZPN) to Release Quarterly Earnings on Wednesday
Aspen Technology (NASDAQ:AZPN) is scheduled to be issuing its Q414 quarterly earnings data on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $96.61 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Shares of Aspen Technology (NASDAQ:AZPN) opened at 45.77 on Tuesday. Aspen Technology has a one year low of $31.29 and a one year high of $48.39. The stock has a 50-day moving average of $45.34 and a 200-day moving average of $44.17. The company has a market cap of $4.214 billion and a P/E ratio of 53.98.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Aspen Technology from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $50.60 price target on the stock. Analysts at Summit Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.52.
Aspen Technology, Inc is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance, and supply chain planning.
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