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

Aspen Technology (NASDAQ:AZPN) announced its quarterly earnings results on Monday. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54), Briefing.com reports. The business had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Aspen Technology updated its FY25 guidance to $7.52 EPS.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN traded up $3.41 on Tuesday, hitting $241.00. 1,474,896 shares of the company’s stock were exchanged, compared to its average volume of 207,974. The business’s 50 day simple moving average is $233.16 and its two-hundred day simple moving average is $212.94. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of -1,504.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76. Aspen Technology has a 12 month low of $162.26 and a 12 month high of $246.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AZPN shares. Loop Capital raised their price objective on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Piper Sandler increased their price target on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America lifted their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Insider Buying and Selling

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s 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 of the company’s stock, valued at $1,871,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by 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.