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 Up 3.3 %

Shares of NASDAQ:AZPN traded up $7.44 during midday trading on Tuesday, reaching $233.54. The company’s stock had a trading volume of 292,000 shares, compared to its average volume of 210,025. The firm has a 50 day moving average of $207.06 and a 200-day moving average of $205.20. The firm has a market capitalization of $14.79 billion, a P/E ratio of -513.86, a PEG ratio of 2.63 and a beta of 0.75. Aspen Technology has a 12-month low of $162.26 and a 12-month high of $235.10.

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Three 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 company has a consensus rating of Moderate Buy and a consensus target price of $224.50.

Insider Buying and Selling at Aspen Technology

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 stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares of the company’s stock, valued at $1,871,114. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.