Brokerages Expect Aspen Group Inc. (ASPU) Will Announce Quarterly Sales of $4.87 Million
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.
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.
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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).
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