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.
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.
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.
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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).
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