Aspen Technology (AZPN) Projected to Post Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN) is anticipated to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Aspen Technology has set its FY25 guidance at $7.52 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.54). The business had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. Aspen Technology’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, analysts expect Aspen Technology to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Aspen Technology Stock Up 3.3 %

Shares of AZPN stock opened at $263.50 on Tuesday. The firm has a 50 day moving average of $250.59 and a 200-day moving average of $232.27. The company has a market cap of $16.67 billion, a price-to-earnings ratio of -454.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Aspen Technology has a 52 week low of $171.25 and a 52 week high of $263.96.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com initiated coverage on Aspen Technology in a research note on Saturday. They issued a “hold” rating for the company. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research report on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $261.00.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.