Aspen Technology (AZPN) Expected to Announce Quarterly Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $294.60 million for the quarter. Aspen Technology has set its FY25 guidance at $7.52 EPS.Investors interested in registering for 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). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. 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 Performance

NASDAQ AZPN opened at $263.55 on Friday. The stock has a 50-day simple moving average of $252.23 and a 200 day simple moving average of $234.38. Aspen Technology has a twelve month low of $171.25 and a twelve month high of $265.05. The stock has a market capitalization of $16.67 billion, a PE ratio of -454.40, a P/E/G ratio of 3.01 and a beta of 0.76.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AZPN. Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. StockNews.com started coverage on shares of Aspen Technology in a research report on Saturday, January 25th. They set a “hold” rating for the company. Finally, Robert W. Baird reissued 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, January 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and an average target price 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.