Aspen Technology (NASDAQ:AZPN) Releases Earnings Results, Misses Estimates By $0.54 EPS

Aspen Technology (NASDAQ:AZPN) issued its quarterly earnings results on Monday. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54), Briefing.com reports. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Trading Up 0.4 %

NASDAQ:AZPN traded up $0.96 on Thursday, reaching $245.29. The stock had a trading volume of 161,678 shares, compared to its average volume of 217,282. The company has a 50-day moving average of $234.19 and a 200 day moving average of $213.46. Aspen Technology has a 12-month low of $162.26 and a 12-month high of $248.00. The stock has a market cap of $15.51 billion, a P/E ratio of -1,526.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76.

Insider Activity at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America raised their price target on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Loop Capital upped their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Piper Sandler upped their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Robert W. Baird upped their target price on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.00.

Aspen Technology Company Profile

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.