Wall Street analysts expect Aspen Aerogels Inc (NYSE:ASPN) to post ($0.13) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Aspen Aerogels’ earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.11). Aspen Aerogels reported earnings of ($0.25) per share during the same quarter last year, which would indicate a positive year over year growth rate of 48%. The business is expected to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Aspen Aerogels will report full year earnings of ($0.88) per share for the current financial year, with EPS estimates ranging from ($0.89) to ($0.86). For the next fiscal year, analysts expect that the firm will report earnings of ($0.38) per share, with EPS estimates ranging from ($0.41) to ($0.35). Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Aspen Aerogels.

Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, November 2nd. The construction company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. The business had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $28.23 million. During the same quarter last year, the company earned ($0.13) earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis.

Separately, Zacks Investment Research cut shares of Aspen Aerogels from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd.

Shares of Aspen Aerogels (NYSE ASPN) opened at $5.03 on Tuesday. Aspen Aerogels has a one year low of $3.84 and a one year high of $5.14.

In other Aspen Aerogels news, major shareholder Craig A. Huff sold 2,895,981 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $4.30, for a total transaction of $12,452,718.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Aspen Aerogels by 0.5% during the second quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock worth $2,592,000 after buying an additional 3,158 shares in the last quarter. Heartland Advisors Inc. increased its holdings in shares of Aspen Aerogels by 0.8% during the second quarter. Heartland Advisors Inc. now owns 927,066 shares of the construction company’s stock worth $4,125,000 after buying an additional 7,066 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Aspen Aerogels by 1.1% during the second quarter. Tocqueville Asset Management L.P. now owns 856,055 shares of the construction company’s stock worth $3,809,000 after buying an additional 9,400 shares in the last quarter. Reservoir Operations L.P. increased its holdings in shares of Aspen Aerogels by 0.4% during the third quarter. Reservoir Operations L.P. now owns 2,908,270 shares of the construction company’s stock worth $12,651,000 after buying an additional 12,289 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Aspen Aerogels by 12.5% during the first quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock worth $1,089,000 after buying an additional 29,200 shares in the last quarter. Hedge funds and other institutional investors own 74.40% of the company’s stock.

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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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