Aspen Technology (NASDAQ:AZPN – Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.470-7.470 for the period, compared to the consensus EPS estimate of 6.900. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Aspen Technology also updated its FY25 guidance to $7.47 EPS.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Piper Sandler decreased their target price on Aspen Technology from $196.00 to $180.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. William Blair upgraded shares of Aspen Technology to a hold rating in a report on Tuesday, May 7th. Robert W. Baird raised their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the company an outperform rating in a report on Wednesday. Finally, Berenberg Bank raised shares of Aspen Technology from a hold rating to a buy rating and lifted their price target for the stock from $185.00 to $255.00 in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Aspen Technology has an average rating of Moderate Buy and a consensus price target of $224.50.
Get Our Latest Stock Report on AZPN
Aspen Technology Stock Up 0.9 %
Aspen Technology (NASDAQ:AZPN – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $1.88 by $0.49. The business had revenue of $342.91 million for the quarter, compared to the consensus estimate of $319.10 million. Aspen Technology had a negative net margin of 2.46% and a positive return on equity of 2.76%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. As a group, sell-side analysts forecast that Aspen Technology will post 5.52 earnings per share for the current year.
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.
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