Aspen Technology (NASDAQ:AZPN) Issues FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $7.47 for the period, compared to the consensus estimate of $7.46. The company issued revenue guidance of $1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

Aspen Technology Price Performance

NASDAQ AZPN traded up $7.44 on Tuesday, reaching $233.54. The company had a trading volume of 292,000 shares, compared to its average volume of 210,025. Aspen Technology has a 1 year low of $162.26 and a 1 year high of $235.10. The firm has a 50-day moving average of $207.06 and a 200-day moving average of $205.20. The firm has a market capitalization of $14.79 billion, a PE ratio of -513.86, a P/E/G ratio of 2.63 and a beta of 0.75.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The business had revenue of $342.91 million during the quarter, compared to analyst estimates of $319.10 million. During the same period last year, the business earned $1.87 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Aspen Technology will post 6.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price objective on Aspen Technology from $230.00 to $250.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $224.50.

Insider Activity at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares in the company, valued at $1,871,114. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.