Wall Street brokerages forecast that Aspen Group Inc (NASDAQ:ASPU) will report sales of $5.74 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Aspen Group’s earnings. The highest sales estimate is $5.78 million and the lowest is $5.70 million. Aspen Group posted sales of $3.74 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.5%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, March 15th.

According to Zacks, analysts expect that Aspen Group will report full-year sales of $5.74 million for the current year, with estimates ranging from $21.00 million to $21.29 million. For the next financial year, analysts expect that the firm will post sales of $39.53 million per share, with estimates ranging from $39.06 million to $40.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Aspen Group.

Aspen Group (NASDAQ:ASPU) last announced its quarterly earnings data on Wednesday, December 13th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Aspen Group had a negative net margin of 11.48% and a negative return on equity of 32.02%. The firm had revenue of $4.85 million for the quarter, compared to analyst estimates of $4.87 million.

Several analysts have issued reports on the company. Zacks Investment Research cut Aspen Group from a “hold” rating to a “sell” rating in a research note on Thursday. Craig Hallum initiated coverage on Aspen Group in a report on Monday, February 12th. They set a “buy” rating and a $12.00 target price for the company. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th. Finally, Roth Capital upped their target price on Aspen Group from $9.60 to $12.25 and gave the company a “buy” rating in a report on Thursday, December 14th.

Shares of Aspen Group (NASDAQ:ASPU) traded up $0.34 during midday trading on Wednesday, reaching $7.49. The company’s stock had a trading volume of 11,009 shares, compared to its average volume of 34,633. Aspen Group has a 12-month low of $3.54 and a 12-month high of $9.61. The firm has a market capitalization of $107.81, a PE ratio of -44.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.12 and a quick ratio of 3.12.

A hedge fund recently bought a new stake in Aspen Group stock. Unterberg Capital LLC bought a new stake in shares of Aspen Group Inc (NASDAQ:ASPU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 375,000 shares of the technology company’s stock, valued at approximately $2,355,000. Aspen Group comprises approximately 2.9% of Unterberg Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Unterberg Capital LLC owned approximately 2.76% of Aspen Group as of its most recent SEC filing. Institutional investors own 5.85% of the company’s stock.

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About Aspen Group

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

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