Brokerages Expect Aspen Technology, Inc. (NASDAQ:AZPN) Will Announce Quarterly Sales of $172.99 Million
Equities analysts expect that Aspen Technology, Inc. (NASDAQ:AZPN) will post sales of $172.99 million for the current quarter, according to Zacks. Three analysts have issued estimates for Aspen Technology’s earnings, with the highest sales estimate coming in at $181.10 million and the lowest estimate coming in at $164.75 million. Aspen Technology posted sales of $132.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 31%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, April 28th.
On average, analysts expect that Aspen Technology will report full year sales of $747.04 million for the current year, with estimates ranging from $744.94 million to $750.60 million. For the next year, analysts anticipate that the business will post sales of $735.84 million, with estimates ranging from $713.75 million to $753.07 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Aspen Technology.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, January 26th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.80. The company had revenue of $223.72 million for the quarter, compared to analysts’ expectations of $174.76 million. Aspen Technology had a return on equity of 49.40% and a net margin of 37.15%. The firm’s quarterly revenue was up 77.5% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share.
Shares of AZPN opened at $149.38 on Friday. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 1.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.89 and a current ratio of 2.89. Aspen Technology has a one year low of $91.15 and a one year high of $162.56. The stock’s fifty day moving average is $149.85 and its 200-day moving average is $138.79.
In related news, EVP John Hague sold 552 shares of Aspen Technology stock in a transaction dated Tuesday, April 13th. The stock was sold at an average price of $153.15, for a total transaction of $84,538.80. Following the transaction, the executive vice president now directly owns 19,727 shares of the company’s stock, valued at $3,021,190.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Karl E. Johnsen sold 1,290 shares of Aspen Technology stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $141.88, for a total value of $183,025.20. Following the transaction, the chief financial officer now directly owns 23,713 shares in the company, valued at $3,364,400.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,880 shares of company stock worth $853,816. 1.10% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of AZPN. Global Trust Asset Management LLC raised its stake in shares of Aspen Technology by 93.2% in the 4th quarter. Global Trust Asset Management LLC now owns 226 shares of the technology company’s stock valued at $29,000 after acquiring an additional 109 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Aspen Technology in the 4th quarter worth approximately $32,000. Benjamin F. Edwards & Company Inc. bought a new position in Aspen Technology in the 4th quarter worth approximately $48,000. Graves Light Private Wealth Management Inc. bought a new stake in shares of Aspen Technology during the fourth quarter valued at approximately $76,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of Aspen Technology during the fourth quarter valued at approximately $117,000. 96.73% of the stock is currently owned by institutional investors and hedge funds.
Aspen Technology Company Profile
Aspen Technology, Inc engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing, supply chain, and asset performance management areas. The firm operates through the Subscription and Software, and Services and Other segments.
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