Aspen Technology (AZPN) to Release Quarterly Earnings on Wednesday

Aspen Technology (NASDAQ:AZPN) will issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The business had revenue of $122.80 million during the quarter, compared to the consensus estimate of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. On average, analysts expect Aspen Technology to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Aspen Technology (AZPN) opened at $75.03 on Wednesday. The firm has a market capitalization of $5,448.86, a P/E ratio of 34.90 and a beta of 1.23. Aspen Technology has a fifty-two week low of $52.23 and a fifty-two week high of $76.56.

AZPN has been the subject of several research analyst reports. Zacks Investment Research downgraded Aspen Technology from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Canaccord Genuity upped their price target on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. upped their price target on Aspen Technology to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 3rd. BidaskClub cut Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Bank of America assumed coverage on Aspen Technology in a research note on Monday, November 6th. They set a “neutral” rating and a $67.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.60.

In other news, VP F G. Hammond sold 1,578 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total transaction of $102,570.00. Following the completion of the sale, the vice president now owns 26,108 shares in the company, valued at $1,697,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl E. Johnsen sold 2,619 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total value of $168,689.79. Following the sale, the insider now owns 40,063 shares of the company’s stock, valued at approximately $2,580,457.83. The disclosure for this sale can be found here. Insiders have sold 14,197 shares of company stock valued at $931,360 in the last 90 days. Company insiders own 0.80% of the company’s stock.

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About Aspen Technology

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

Earnings History for Aspen Technology (NASDAQ:AZPN)

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