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

Aspen Technology (NASDAQ:AZPN) posted its earnings results on Monday. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54), Briefing.com reports. The business 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%. Aspen Technology’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Stock Performance

Shares of NASDAQ AZPN traded up $2.61 during mid-day trading on Tuesday, hitting $240.20. 1,708,790 shares of the stock traded hands, compared to its average volume of 209,067. The stock has a fifty day moving average price of $233.16 and a 200-day moving average price of $212.94. The company has a market cap of $15.19 billion, a price-to-earnings ratio of -1,504.41, a PEG ratio of 2.73 and a beta of 0.76. Aspen Technology has a 52 week low of $162.26 and a 52 week high of $246.60.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the sale, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

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.