Brokerages Expect Aspen Group (ASPU) to Announce -$0.11 Earnings Per Share

Wall Street analysts forecast that Aspen Group (NASDAQ:ASPU) will announce earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Aspen Group’s earnings. Aspen Group reported earnings of ($0.07) per share in the same quarter last year, which would suggest a negative year over year growth rate of 57.1%. The business is expected to issue its next earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that Aspen Group will report full-year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.35). For the next financial year, analysts anticipate that the firm will post earnings of ($0.24) per share, with EPS estimates ranging from ($0.34) to ($0.14). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Aspen Group.

How to Become a New Pot Stock Millionaire

Aspen Group (NASDAQ:ASPU) last announced its quarterly earnings data on Thursday, March 15th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. Aspen Group had a negative return on equity of 35.74% and a negative net margin of 21.59%. The firm had revenue of $5.70 million for the quarter, compared to analyst estimates of $5.74 million.

A number of brokerages recently weighed in on ASPU. ValuEngine raised Aspen Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a report on Wednesday. Roth Capital upped their price objective on Aspen Group from $9.60 to $12.25 and gave the stock a “buy” rating in a report on Thursday, December 14th. Taglich Brothers reissued a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Finally, Craig Hallum assumed coverage on Aspen Group in a report on Monday, February 12th. They issued a “buy” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.75.

ASPU stock traded down $0.31 on Friday, reaching $7.00. 20,977 shares of the company’s stock were exchanged, compared to its average volume of 18,669. Aspen Group has a twelve month low of $3.92 and a twelve month high of $9.61. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.48.

An institutional investor recently bought a new position in Aspen Group stock. Royce & Associates LP bought a new stake in Aspen Group (NASDAQ:ASPU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,980 shares of the technology company’s stock, valued at approximately $553,000. Royce & Associates LP owned about 0.65% of Aspen Group as of its most recent filing with the Securities & Exchange Commission. 7.00% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Brokerages Expect Aspen Group (ASPU) to Announce -$0.11 Earnings Per Share” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3341790/brokerages-expect-aspen-group-aspu-to-announce-0-11-earnings-per-share.html.

Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

Get a free copy of the Zacks research report on Aspen Group (ASPU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MindCoin Market Cap Hits $62,382.00
MindCoin Market Cap Hits $62,382.00
Brightcove  Updates FY18 Earnings Guidance
Brightcove Updates FY18 Earnings Guidance
Middlefield Can Global  Announces Monthly Dividend of $0.05
Middlefield Can Global Announces Monthly Dividend of $0.05
Barings Participation  Announces $0.27 Quarterly Dividend
Barings Participation Announces $0.27 Quarterly Dividend
Spok Holdings, Inc.  Plans Quarterly Dividend of $0.13
Spok Holdings, Inc. Plans Quarterly Dividend of $0.13
BestChain Price Reaches $0.0043 on Top Exchanges
BestChain Price Reaches $0.0043 on Top Exchanges


© 2006-2018 Ticker Report. Google+.