Aspen Technology (AZPN) Set to Announce Quarterly Earnings on Saturday

Aspen Technology (NASDAQ:AZPN) will be announcing its earnings results on Saturday, April 27th. Aspen Technology has set its FY24 guidance at at least $6.59 EPS and its FY 2024 guidance at 6.590- EPS.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The firm had revenue of $257.16 million during the quarter, compared to analyst estimates 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.

Aspen Technology Trading Up 0.5 %

Shares of NASDAQ AZPN opened at $198.00 on Friday. Aspen Technology has a 12 month low of $161.32 and a 12 month high of $234.24. The stock has a 50 day moving average of $199.90 and a 200-day moving average of $196.40. The company has a market capitalization of $12.58 billion, a P/E ratio of -146.67, a P/E/G ratio of 2.01 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AZPN shares. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler reissued a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $210.25.

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.