Aspen Group (NASDAQ:ASPU) Posts Earnings Results, Misses Estimates By $0.03 EPS

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Aspen Group (NASDAQ:ASPU) issued its quarterly earnings data on Monday. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03), Fidelity Earnings reports. The business had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $10.06 million. Aspen Group had a negative net margin of 27.27% and a negative return on equity of 32.62%.

NASDAQ:ASPU traded up $0.71 during trading hours on Tuesday, hitting $5.77. 2,812 shares of the company were exchanged, compared to its average volume of 31,206. The stock has a market capitalization of $88.39 million, a price-to-earnings ratio of -11.42 and a beta of 0.63. Aspen Group has a 52-week low of $3.58 and a 52-week high of $7.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.31 and a quick ratio of 3.31. The company’s 50 day moving average price is $4.22 and its 200-day moving average price is $4.48.

Several brokerages recently weighed in on ASPU. Canaccord Genuity started coverage on Aspen Group in a research note on Monday. They set a “buy” rating and a $8.00 target price on the stock. Roth Capital set a $10.00 target price on Aspen Group and gave the company a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research cut Aspen Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, ValuEngine raised Aspen Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

About Aspen Group

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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