Aspen Group (NASDAQ:ASPU) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Aspen Group (NASDAQ:ASPU) posted its quarterly earnings data on Monday. The technology company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03), Fidelity Earnings reports. The firm had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $10.06 million. Aspen Group had a negative return on equity of 32.62% and a negative net margin of 27.27%.

Shares of Aspen Group stock traded up $0.65 on Tuesday, hitting $5.71. 105,556 shares of the company traded hands, compared to its average volume of 31,206. The stock’s 50 day moving average price is $4.22 and its 200-day moving average price is $4.48. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.36. Aspen Group has a 52 week low of $3.58 and a 52 week high of $7.35. The company has a market cap of $88.39 million, a PE ratio of -11.42 and a beta of 0.63.

ASPU has been the subject of several recent analyst reports. Roth Capital set a $10.00 target price on Aspen Group and gave the company a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Canaccord Genuity started coverage on Aspen Group in a research note on Monday. They set a “buy” rating and a $8.00 price target for the company. Finally, ValuEngine upgraded Aspen Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

About Aspen Group

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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