Posted by Defense World Staff on May 5th, 2024 
Aspen Technology (NASDAQ:AZPN – Get Free Report) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Aspen Technology to post earnings of $1.63 per share for the quarter. Aspen Technology has set its FY24 guidance at at least $6.59 EPS and its FY 2024 guidance at 6.590- EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The company had revenue of $257.16 million for the quarter, compared to analysts’ expectations of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. On average, analysts expect Aspen Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
AZPN stock opened at $202.10 on Friday. Aspen Technology has a twelve month low of $161.32 and a twelve month high of $224.77. The firm has a market capitalization of $12.84 billion, a PE ratio of -149.70, a PEG ratio of 2.04 and a beta of 0.76. The stock has a 50-day simple moving average of $202.15 and a two-hundred day simple moving average of $196.30.
AZPN has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $196.00 price target on shares of Aspen Technology in a research note on Wednesday, February 7th. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $203.67.
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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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