Aspen Technology (AZPN) to Release Quarterly Earnings on Monday

Aspen Technology (NASDAQ:AZPN) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Aspen Technology has set its FY25 guidance at $7.47 EPS and its FY 2025 guidance at 7.470-7.470 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The company had revenue of $342.91 million during the quarter, compared to analyst estimates of $319.10 million. During the same period in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect Aspen Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aspen Technology Price Performance

NASDAQ:AZPN opened at $233.67 on Friday. Aspen Technology has a 1-year low of $162.26 and a 1-year high of $244.85. The company has a 50-day moving average of $232.68 and a 200 day moving average of $212.46. The firm has a market cap of $14.78 billion, a PE ratio of -1,460.35, a price-to-earnings-growth ratio of 2.81 and a beta of 0.76.

Insider Activity at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 8,540 shares of the company’s stock, valued at $1,871,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on AZPN shares. Loop Capital increased their price target on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Robert W. Baird increased their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Bank of America increased their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Piper Sandler increased their price target on shares of Aspen Technology from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Aspen Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.40.

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.