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

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

Aspen Technology Trading Up 16.7 %

Shares of AZPN traded up $29.67 on Wednesday, reaching $207.51. The company’s stock had a trading volume of 359,463 shares, compared to its average volume of 205,261. The stock has a market capitalization of $13.14 billion, a PE ratio of -475.84, a PEG ratio of 2.26 and a beta of 0.73. Aspen Technology has a twelve month low of $162.26 and a twelve month high of $224.06. The firm has a fifty day moving average of $195.98 and a 200-day moving average of $199.26.

Analysts Set New Price Targets

Several research firms have recently weighed in on AZPN. Piper Sandler lowered 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. Berenberg Bank upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $185.00 to $255.00 in a report on Friday, May 17th. William Blair upgraded shares of Aspen Technology to a “hold” rating in a research note on Tuesday, May 7th. Finally, Robert W. Baird raised their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.