Brokers predict that Aspen Technology, Inc. (NASDAQ: AZPN – Get Rating) will announce $ 249.00 million in sales for the current quarter, according to Zacks Investment Research. Four analysts provided estimates for Aspen Technology’s revenue. The highest estimated sales were $ 253.08 million and the lowest was $ 238.70 million. Aspen Technology reported sales of $ 197.96 million in the same quarter last year, showing a positive year-on-year growth rate of 25.8%. The business is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect Aspen Technology to report year -over -year sales of $ 745.78 million for the current financial year, with estimates ranging from $ 742.87 million to $ 747.95 million. For the next financial year, analysts expect the company to report sales of $ 775.69 million, with estimates ranging from $ 748.31 million to $ 803.10 million. Zacks ’sales calculations are mostly based on surveys of sales research companies that follow Aspen Technology.
Aspen Technology (NASDAQ: AZPN – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $ 1.38 EPS for the quarter, beating the consensus estimate of $ 1.35 to $ 0.03. The company had revenue of $ 187.75 million for the quarter, compared to an estimated revenue of $ 190.61 million. Aspen Technology has a return on equity of 40.86% and a net margin of 39.22%. The company’s quarterly revenue rose 15.4% on a year-on-year basis. In the same quarter last year, the company posted $ 0.94 earnings per share.
Several equities research analysts have recently commented on the company. StockNews.com upgraded Aspen Technology from a “hold” rating to a “buy” rating in a report Friday. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $ 170.00 target price for the company in a report on Monday, May 2nd. Finally, Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $ 160.00 to $ 175.00 in a report on Thursday, March 17th. One investment analyst rated the stock with a sell rating, two gave a hold rating and seven issued a buy rating to the company. Based on data from MarketBeat, Aspen Technology currently has a consensus rating of “Buy” and a consensus price target of $ 168.57.
The NASDAQ AZPN opened at $ 165.75 on Monday. The company has a market cap of $ 11.04 billion, price-to-earnings ratio of 41.33, P/E/G ratio of 4.06 and beta of 1.26. Aspen Technology has a 52 -week low of $ 122.29 and a 52 -week high of $ 170.16. The business has a 50-day average price of $ 156.97 and a 200-day average price of $ 151.76. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.33.
In other news, Director Jr. Robert M. Whelan sold 4,010 shares of the company’s stock in one transaction on Wednesday, May 11. The stock sold at an average price of $ 159.07, for a total transaction of $ 637,870.70. Upon completion of the sale, the director now directly owns 12,865 shares of the company’s stock, valued at approximately $ 2,046,435.55. The sale was disclosed in an SEC legal filing, available on the SEC website. 1.00% of the stock is owned by corporate insiders.
Many hedge funds have recently changed their business positions. Kayne Anderson Rudnick Investment Management LLC raised its position in Aspen Technology by 0.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,787,722 shares of the technology company’s stock worth $ 833,533,000 after acquiring an additional 33,159 shares during that period. Promoted by BlackRock Inc. its position in Aspen Technology was up 6.5% in the first quarter. BlackRock Inc. already has 6,645,133 shares of the technology company’s stock valued at $ 1,098,905,000 after acquiring an additional 407,220 shares during that period. Promoted by Vanguard Group Inc. its position in Aspen Technology was up 0.8% in the first quarter. Vanguard Group Inc. now owns 6,336,062 shares of the technology company’s stock worth $ 1,047,795,000 after acquiring an additional 51,393 shares over the period. Standard Investments LLC raised its position in Aspen Technology by 22.2% in the fourth quarter. Standard Investments LLC now owns 2,439,000 shares of the technology company’s stock valued at $ 371,216,000 after acquiring an additional 443,000 shares over the period. Finally, Nordea Investment Management AB raised its position in Aspen Technology by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,304,011 shares of the technology company’s stock valued at $ 351,892,000 after acquiring an additional 49,848 shares during the period. 96.49% of the stock is currently owned by institutional investors and hedge funds.
Company Profile of Aspen Technology (Get a Rating)
Aspen Technology, Inc., along with its subsidiaries, provides asset optimization solutions in North America, Europe, Asia Pacific, Latin America, and the Middle East. The company operates in two parts, Subscription and Software, and Services and More. It offers asset optimization software that optimizes asset design, operation, and maintenance in a variety of industry environments.
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