Aspen Technology (NASDAQ:AZPN) Releases FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.47 for the period, compared to the consensus earnings per share 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 Stock Performance

Aspen Technology stock traded up $7.44 during midday trading on Tuesday, hitting $233.54. 292,000 shares of the company’s stock were exchanged, compared to its average volume of 210,025. The firm’s 50 day simple moving average is $207.06 and its 200 day simple moving average is $205.20. Aspen Technology has a 12-month low of $162.26 and a 12-month high of $235.10. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of -513.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The business had revenue of $342.91 million for the quarter, compared to analyst estimates of $319.10 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Aspen Technology will post 6.53 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction dated 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 transaction, the director now owns 8,540 shares in the company, valued at $1,871,114. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.