Wall Street brokerages predict that Aspen Group Inc. (NASDAQ:ASPU) will report sales of $4.87 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aspen Group’s earnings, with the lowest sales estimate coming in at $4.84 million and the highest estimate coming in at $4.90 million. Aspen Group reported sales of $3.47 million in the same quarter last year, which indicates a positive year over year growth rate of 40.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, December 13th.

On average, analysts expect that Aspen Group will report full-year sales of $4.87 million for the current fiscal year, with estimates ranging from $21.32 million to $21.83 million. For the next financial year, analysts expect that the business will report sales of $40.83 million per share, with estimates ranging from $40.66 million to $41.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Aspen Group.

Aspen Group (NASDAQ:ASPU) last posted its earnings results on Thursday, September 14th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Aspen Group had a negative return on equity of 29.44% and a negative net margin of 8.69%. The firm had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.11 million.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Aspen Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Roth Capital assumed coverage on shares of Aspen Group in a report on Friday, October 6th. They issued a “buy” rating and a $10.00 price objective for the company.

Aspen Group (ASPU) opened at $8.27 on Tuesday. Aspen Group has a 1 year low of $2.76 and a 1 year high of $9.25. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.55.

Institutional investors have recently bought and sold shares of the company. Royce & Associates LP bought a new position in shares of Aspen Group in the third quarter valued at approximately $553,000. P.A.W. Capital Corp bought a new position in shares of Aspen Group in the third quarter valued at approximately $1,570,000. Finally, Unterberg Capital LLC bought a new position in shares of Aspen Group in the third quarter valued at approximately $2,355,000. Institutional investors and hedge funds own 6.45% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Brokerages Expect Aspen Group Inc. (ASPU) Will Announce Quarterly Sales of $4.87 Million” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/05/brokerages-expect-aspen-group-inc-aspu-will-announce-quarterly-sales-of-4-87-million.html.

Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

Get a free copy of the Zacks research report on Aspen Group (ASPU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

Receive News & Ratings for Aspen Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.