Aspen Aerogels, Inc. (NYSE:ASPN) to Post Q4 2024 Earnings of ($0.01) Per Share, Roth Capital Forecasts

Aspen Aerogels, Inc. (NYSE:ASPN) – Stock analysts at Roth Capital cut their Q4 2024 earnings per share (EPS) estimates for Aspen Aerogels in a research report issued to clients and investors on Friday, May 3rd. Roth Capital analyst C. Moore now expects that the construction company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.03. The consensus estimate for Aspen Aerogels’ current full-year earnings is $0.03 per share.

Other analysts have also issued reports about the company. Piper Sandler raised their target price on Aspen Aerogels from $20.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. HC Wainwright lifted their target price on shares of Aspen Aerogels from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Roth Mkm reissued a “buy” rating and set a $22.00 price target on shares of Aspen Aerogels in a report on Tuesday, April 30th. B. Riley lifted their price objective on shares of Aspen Aerogels from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Aspen Aerogels from $18.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Aspen Aerogels has an average rating of “Moderate Buy” and an average price target of $25.17.

Aspen Aerogels Price Performance

Shares of ASPN opened at $26.27 on Monday. The company has a market capitalization of $2.00 billion, a P/E ratio of -59.70 and a beta of 1.97. The business’s 50-day moving average is $17.08 and its two-hundred day moving average is $14.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.29 and a current ratio of 4.01. Aspen Aerogels has a fifty-two week low of $5.32 and a fifty-two week high of $27.09.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. The company had revenue of $84.22 million during the quarter, compared to analyst estimates of $83.82 million. Aspen Aerogels had a negative net margin of 10.73% and a negative return on equity of 6.35%. During the same period last year, the firm posted ($0.20) EPS.

Hedge Funds Weigh In On Aspen Aerogels

Hedge funds and other institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise grew its holdings in Aspen Aerogels by 37.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 4,593 shares of the construction company’s stock valued at $81,000 after buying an additional 1,252 shares in the last quarter. McAdam LLC acquired a new stake in Aspen Aerogels during the fourth quarter worth about $191,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Aspen Aerogels by 71.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock worth $198,000 after purchasing an additional 9,601 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aspen Aerogels by 38.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock valued at $205,000 after purchasing an additional 3,607 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Aspen Aerogels in the 4th quarter valued at approximately $230,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.