Wall Street brokerages forecast that Aspen Aerogels Inc (NYSE:ASPN) will announce ($0.13) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aspen Aerogels’ earnings, with the highest EPS estimate coming in at ($0.11) and the lowest estimate coming in at ($0.14). Aspen Aerogels reported earnings of ($0.25) per share during the same quarter last year, which suggests a positive year over year growth rate of 48%. The firm is expected to report its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from ($0.89) to ($0.86). For the next financial year, analysts forecast that the business will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.41) to ($0.35). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Aspen Aerogels.

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

Separately, Zacks Investment Research upgraded shares of Aspen Aerogels from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday, September 19th.

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

Several hedge funds and other institutional investors have recently modified their holdings of ASPN. Vanguard Group Inc. raised its position in shares of Aspen Aerogels by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock valued at $2,592,000 after buying an additional 3,158 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Aspen Aerogels in the second quarter valued at about $330,000. Essex Investment Management Co. LLC acquired a new stake in shares of Aspen Aerogels in the third quarter valued at about $823,000. Reservoir Operations L.P. raised its position in shares of Aspen Aerogels by 0.4% in the third quarter. Reservoir Operations L.P. now owns 2,908,270 shares of the construction company’s stock valued at $12,651,000 after buying an additional 12,289 shares during the last quarter. Finally, Quantum Capital Management grew its holdings in shares of Aspen Aerogels by 1,552.9% in the third quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock valued at $974,000 after purchasing an additional 210,416 shares during the period. Institutional investors and hedge funds own 74.40% of the company’s stock.

Aspen Aerogels (ASPN) opened at $5.05 on Monday. The firm has a market cap of $119.37, a price-to-earnings ratio of -5.05 and a beta of 1.09. Aspen Aerogels has a 12-month low of $3.84 and a 12-month high of $5.20.

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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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