Equities research analysts forecast that Aspen Technology, Inc. (NASDAQ:AZPN) will report $113.49 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Aspen Technology’s earnings, with the lowest sales estimate coming in at $85.40 million and the highest estimate coming in at $131.38 million. Aspen Technology posted sales of $122.78 million in the same quarter last year, which would indicate a negative year over year growth rate of 7.6%. The company is expected to announce its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Aspen Technology will report full-year sales of $549.25 million for the current fiscal year, with estimates ranging from $527.40 million to $561.60 million. For the next fiscal year, analysts anticipate that the business will post sales of $583.60 million per share, with estimates ranging from $555.10 million to $611.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Aspen Technology.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, August 8th. The technology company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $125.96 million during the quarter, compared to analyst estimates of $125.60 million. Aspen Technology had a negative return on equity of 53.91% and a net margin of 29.77%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share.

Several research firms recently commented on AZPN. Robert W. Baird upped their target price on Aspen Technology from $90.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. BidaskClub lowered Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 22nd. Wedbush upped their target price on Aspen Technology from $80.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, ValuEngine lowered Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Aspen Technology currently has a consensus rating of “Buy” and a consensus target price of $97.63.

In other Aspen Technology news, Director Gary E. Haroian sold 10,058 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $107.30, for a total transaction of $1,079,223.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Antonio J. Pietri sold 9,193 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $109.44, for a total value of $1,006,081.92. Following the sale, the chief executive officer now owns 228,730 shares of the company’s stock, valued at $25,032,211.20. The disclosure for this sale can be found here. Insiders have sold 33,250 shares of company stock valued at $3,595,936 over the last 90 days. 0.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in AZPN. Macquarie Group Ltd. increased its stake in Aspen Technology by 266.7% during the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock worth $102,000 after acquiring an additional 800 shares during the last quarter. Fort L.P. acquired a new stake in shares of Aspen Technology in the second quarter valued at about $118,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Aspen Technology in the first quarter valued at about $134,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Aspen Technology by 411.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,753 shares of the technology company’s stock valued at $163,000 after buying an additional 1,410 shares in the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Aspen Technology in the first quarter valued at about $200,000. Institutional investors own 98.42% of the company’s stock.

Aspen Technology stock traded down $0.14 during trading on Thursday, hitting $117.17. The company’s stock had a trading volume of 282,600 shares, compared to its average volume of 488,227. The firm has a market capitalization of $8.19 billion, a P/E ratio of 56.88, a PEG ratio of 2.45 and a beta of 1.26. Aspen Technology has a 1-year low of $61.71 and a 1-year high of $117.69.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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Earnings History and Estimates for Aspen Technology (NASDAQ:AZPN)

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