Brokerages expect that Aspen Technology, Inc. (NASDAQ:AZPN) will report sales of $121.51 million for the current quarter, according to Zacks. Three analysts have provided estimates for Aspen Technology’s earnings, with the lowest sales estimate coming in at $121.02 million and the highest estimate coming in at $122.00 million. Aspen Technology posted sales of $119.28 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The business is expected to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Aspen Technology will report full-year sales of $121.51 million for the current year, with estimates ranging from $492.09 million to $498.20 million. For the next financial year, analysts forecast that the business will post sales of $522.70 million per share, with estimates ranging from $517.15 million to $531.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.
Aspen Technology (NASDAQ:AZPN) opened at $77.28 on Thursday. Aspen Technology has a twelve month low of $53.51 and a twelve month high of $84.40. The stock has a market capitalization of $5,629.94, a PE ratio of 35.29, a P/E/G ratio of 3.78 and a beta of 1.30.
In other Aspen Technology news, VP F G. Hammond sold 6,292 shares of Aspen Technology stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total value of $462,273.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jr. Robert M. Whelan sold 2,172 shares of Aspen Technology stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.28, for a total value of $156,992.16. Following the completion of the sale, the director now directly owns 15,159 shares in the company, valued at approximately $1,095,692.52. The disclosure for this sale can be found here. Insiders sold a total of 52,308 shares of company stock worth $3,929,379 in the last ninety days. 0.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aspen Technology by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock worth $297,000 after acquiring an additional 1,180 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Aspen Technology by 59.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,373 shares of the technology company’s stock worth $966,000 after acquiring an additional 5,737 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Aspen Technology during the 3rd quarter worth approximately $2,732,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Aspen Technology by 15.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock worth $250,285,000 after acquiring an additional 543,592 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Aspen Technology by 2.3% during the 3rd quarter. Mawer Investment Management Ltd. now owns 325,758 shares of the technology company’s stock worth $20,461,000 after acquiring an additional 7,270 shares in the last quarter.
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Aspen Technology Company Profile
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
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