Aspen Technology (NASDAQ:AZPN) Issues FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.47 for the period, compared to the consensus earnings per share estimate of $7.46. The company issued revenue guidance of $1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

Analysts Set New Price Targets

A number of equities analysts recently commented on AZPN shares. Piper Sandler lifted their price target on shares of Aspen Technology from $200.00 to $217.00 and gave the stock a neutral rating in a research note on Wednesday. Bank of America boosted their target price on Aspen Technology from $225.00 to $260.00 and gave the company a buy rating in a research report on Wednesday. Finally, Robert W. Baird upped their target price on Aspen Technology from $230.00 to $250.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $239.00.

Aspen Technology Price Performance

Shares of AZPN stock opened at $236.00 on Thursday. The company has a market capitalization of $14.95 billion, a P/E ratio of -536.36, a P/E/G ratio of 2.63 and a beta of 0.75. The company’s 50-day simple moving average is $208.93 and its two-hundred day simple moving average is $205.65. Aspen Technology has a one year low of $162.26 and a one year high of $237.74.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.49. The company had revenue of $342.91 million for the quarter, compared to analysts’ expectations of $319.10 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. Aspen Technology’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 earnings per share. On average, research analysts expect that Aspen Technology will post 6.53 EPS for the current fiscal year.

Insider Activity

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company’s stock, valued at $1,871,114. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.