Aspen Technology (NASDAQ:AZPN) Releases Earnings Results, Misses Expectations By $0.54 EPS

Aspen Technology (NASDAQ:AZPN) posted its quarterly earnings data on Monday. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54), Briefing.com reports. The company had revenue of $215.90 million during the quarter, compared to analysts’ expectations of $265.04 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN traded up $2.61 during trading hours on Tuesday, hitting $240.20. 1,708,790 shares of the company’s stock traded hands, compared to its average volume of 209,067. The business has a fifty day moving average price of $233.16 and a 200-day moving average price of $212.94. Aspen Technology has a 1 year low of $162.26 and a 1 year high of $246.60. The firm has a market capitalization of $15.19 billion, a P/E ratio of -1,504.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76.

Analyst Upgrades and Downgrades

AZPN has been the topic of a number of research reports. Bank of America lifted their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Piper Sandler boosted their target price on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday. Loop Capital raised their price target on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Robert W. Baird lifted their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

Insider Buying and Selling at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the transaction, the director now owns 8,540 shares of the company’s stock, valued at $1,871,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Aspen Technology Company Profile

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.