Aspen Technology (NASDAQ:AZPN) Releases FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) updated its FY25 earnings guidance on Monday. The company provided earnings per share guidance of $7.52 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 $1.19 billion.

Analysts Set New Price Targets

AZPN has been the topic of a number of analyst reports. Robert W. Baird increased their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Piper Sandler upped their target price on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America upped 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, Loop Capital lifted their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Aspen Technology presently has a consensus rating of “Moderate Buy” and an average target price of $253.00.

Aspen Technology Price Performance

NASDAQ AZPN traded up $1.17 on Thursday, hitting $245.50. The stock had a trading volume of 328,027 shares, compared to its average volume of 217,969. Aspen Technology has a 52-week low of $162.26 and a 52-week high of $249.00. The business’s fifty day moving average price is $234.19 and its 200 day moving average price is $213.46. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of -1,526.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.54). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Aspen Technology will post 6.53 EPS for the current year.

Insider Buying and Selling at Aspen Technology

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the 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 completion of the sale, the director now directly owns 8,540 shares in the company, valued at $1,871,114. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate 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.