Aspen Aerogels, Inc. (ASPN) Scheduled to Post Quarterly Earnings on Wednesday
Aspen Aerogels, Inc. (NYSE:ASPN) will be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Aspen Aerogels has set its FY17 guidance at ($0.89)-(0.78) EPS.
Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $24.79 million. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, analysts expect Aspen Aerogels to post $-0.88 EPS for the current fiscal year and $-0.5 EPS for the next fiscal year.
Aspen Aerogels, Inc. (NYSE ASPN) opened at 4.25 on Wednesday. The company’s market cap is $87.47 million. Aspen Aerogels, Inc. has a 12-month low of $3.61 and a 12-month high of $6.71. The stock has a 50 day moving average of $4.22 and a 200 day moving average of $4.30.
Several analysts have recently commented on ASPN shares. Zacks Investment Research upgraded shares of Aspen Aerogels from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Aspen Aerogels from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Aspen Aerogels has an average rating of “Hold” and a consensus target price of $5.08.
About Aspen Aerogels
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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