Aspen Technology (AZPN) to Release Quarterly Earnings on Tuesday

Aspen Technology (NASDAQ:AZPN) will likely be releasing its earnings data after the market closes on Tuesday, May 6th. Analysts expect Aspen Technology to post earnings of $1.60 per share and revenue of $297.35 million for the quarter.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. 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 Price Performance

Shares of AZPN stock opened at $264.33 on Tuesday. Aspen Technology has a 12 month low of $171.25 and a 12 month high of $277.37. The firm has a market cap of $16.73 billion, a PE ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The stock has a 50 day moving average of $264.36 and a 200-day moving average of $255.42.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AZPN. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research note on Wednesday, April 23rd. They issued a “hold” rating for the company. 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. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Finally, Piper Sandler upped their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $272.00.

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.