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

Aspen Technology (NASDAQ:AZPN) released its quarterly earnings results on Monday. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same period last year, the firm earned $0.96 EPS. The business’s quarterly revenue was down 13.4% on a year-over-year basis. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Stock Up 0.5 %

AZPN traded up $1.10 during trading on Wednesday, reaching $242.10. The stock had a trading volume of 164,249 shares, compared to its average volume of 211,647. Aspen Technology has a 1-year low of $162.26 and a 1-year high of $248.00. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of -1,506.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76. The stock has a 50 day moving average of $233.69 and a two-hundred day moving average of $213.24.

Insider Transactions at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now directly owns 8,540 shares of the company’s stock, valued at $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AZPN shares. Loop Capital upped their price target 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 increased their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America upped their price objective on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird raised their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.00.

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.