Aspen Technology (AZPN) Scheduled to Post Earnings on Saturday

Aspen Technology (NASDAQ:AZPN) is scheduled to be releasing its earnings data on Saturday, April 27th. Aspen Technology has set its FY24 guidance at at least $6.59 EPS and its FY 2024 guidance at 6.590- EPS.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The company had revenue of $257.16 million for the quarter, compared to the consensus estimate of $259.70 million. On average, analysts expect Aspen Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Aspen Technology Trading Up 0.5 %

Shares of Aspen Technology stock opened at $198.00 on Friday. The stock has a fifty day simple moving average of $199.90 and a 200 day simple moving average of $196.40. Aspen Technology has a 12-month low of $161.32 and a 12-month high of $234.24. The company has a market capitalization of $12.58 billion, a P/E ratio of -146.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $210.25.

Aspen Technology Company Profile

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.