Aspen Aerogels (ASPN) Set to Announce Quarterly Earnings on Wednesday

Aspen Aerogels (NYSE:ASPN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. The firm had revenue of $84.22 million for the quarter, compared to the consensus estimate of $83.82 million. Aspen Aerogels had a negative return on equity of 10.47% and a negative net margin of 19.19%. During the same quarter in the previous year, the business earned ($0.20) EPS. On average, analysts expect Aspen Aerogels to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aspen Aerogels Stock Up 3.5 %

Shares of Aspen Aerogels stock opened at $16.67 on Tuesday. The business’s fifty day moving average price is $16.47 and its two-hundred day moving average price is $13.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.41 and a quick ratio of 2.91. The company has a market capitalization of $1.28 billion, a P/E ratio of -25.26 and a beta of 2.04. Aspen Aerogels has a 1-year low of $5.32 and a 1-year high of $19.10.

Analysts Set New Price Targets

ASPN has been the topic of several recent analyst reports. Roth Mkm assumed coverage on Aspen Aerogels in a research note on Wednesday, March 6th. They set a “buy” rating and a $22.00 target price on the stock. TheStreet upgraded Aspen Aerogels from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Finally, HC Wainwright restated a “buy” rating and issued a $20.00 target price on shares of Aspen Aerogels in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Aspen Aerogels presently has an average rating of “Moderate Buy” and an average price target of $19.00.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.