Aspen Aerogels, Inc. (ASPN) Posts Earnings Results, Beats Expectations By $0.01 EPS
Aspen Aerogels, Inc. (NYSE:ASPN) posted its quarterly earnings results on Wednesday. The construction company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01, Bloomberg Earnings reports. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. The company had revenue of $27.20 million for the quarter, compared to the consensus estimate of $28.23 million. During the same period last year, the company posted ($0.13) EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Aspen Aerogels from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Wednesday, August 9th. ValuEngine lowered shares of Aspen Aerogels from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Aspen Aerogels currently has an average rating of “Hold” and an average price target of $5.08.
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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