Aspen Technology (NASDAQ:AZPN) Posts Quarterly Earnings Results, Beats Expectations By $0.49 EPS

Aspen Technology (NASDAQ:AZPN) released its quarterly earnings data on Tuesday. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.49, Briefing.com reports. Aspen Technology had a negative net margin of 2.46% and a positive return on equity of 2.76%. The firm had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Aspen Technology updated its FY25 guidance to $7.47 EPS and its FY 2025 guidance to 7.470-7.470 EPS.

Aspen Technology Stock Performance

Shares of AZPN traded up $29.67 during mid-day trading on Wednesday, reaching $207.51. 359,463 shares of the company’s stock traded hands, compared to its average volume of 205,261. Aspen Technology has a 12 month low of $162.26 and a 12 month high of $224.06. The stock has a market capitalization of $13.14 billion, a P/E ratio of -475.84, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. The business’s 50-day moving average price is $195.98 and its 200-day moving average price is $199.26.

Wall Street Analyst Weigh In

AZPN has been the subject of several research reports. William Blair raised shares of Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Robert W. Baird upped their target price on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday. Berenberg Bank raised Aspen Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $185.00 to $255.00 in a report on Friday, May 17th. Finally, Piper Sandler reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aspen Technology has an average rating of “Moderate Buy” and an average target price of $224.50.

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.