Aspen Aerogels, Inc. (NYSE:ASPN) Set to Announce Quarterly Earnings on Thursday
Aspen Aerogels, Inc. (NYSE:ASPN) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.24) per share for the quarter.
Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Thursday, May 4th. The construction company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.29) by $0.10. The business had revenue of $23 million for the quarter, compared to the consensus estimate of $22.30 million. Aspen Aerogels had a negative return on equity of 16.60% and a negative net margin of 17.89%. Aspen Aerogels’s revenue for the quarter was down 29.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. On average, analysts expect Aspen Aerogels to post $-0.88 EPS for the current fiscal year and $-0.42 EPS for the next fiscal year.
Shares of Aspen Aerogels, Inc. (NYSE:ASPN) opened at 4.42 on Thursday. The company’s market cap is $103.91 million. Aspen Aerogels, Inc. has a one year low of $3.61 and a one year high of $6.71. The stock’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.27.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Aspen Aerogels from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Citigroup Inc. lifted their price target on Aspen Aerogels from $4.50 to $4.75 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.25.
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Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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