Zacks: Analysts Anticipate Aspen Group Inc (ASPU) to Post -$0.15 EPS

Brokerages expect that Aspen Group Inc (NASDAQ:ASPU) will report ($0.15) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aspen Group’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.12). The firm is scheduled to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Aspen Group will report full year earnings of ($0.33) per share for the current financial year, with EPS estimates ranging from ($0.36) to ($0.29). For the next fiscal year, analysts forecast that the company will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.33) to $0.00. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Aspen Group.

Several brokerages have issued reports on ASPU. Taglich Brothers reissued a “speculative buy” rating on shares of Aspen Group in a research note on Tuesday, December 19th. Zacks Investment Research downgraded shares of Aspen Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, Roth Capital boosted their target price on shares of Aspen Group from $9.60 to $12.25 and gave the company a “buy” rating in a research note on Thursday, December 14th.

Large investors have recently made changes to their positions in the business. Royce & Associates LP acquired a new stake in Aspen Group during the 3rd quarter valued at $553,000. P.A.W. Capital Corp acquired a new stake in Aspen Group during the 3rd quarter valued at $1,570,000. Finally, Unterberg Capital LLC acquired a new stake in Aspen Group during the 3rd quarter valued at $2,355,000. 5.92% of the stock is currently owned by institutional investors.

Shares of Aspen Group (ASPU) traded up $0.10 during trading hours on Friday, reaching $8.53. 16,595 shares of the company’s stock traded hands, compared to its average volume of 97,283. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.12 and a current ratio of 3.12. Aspen Group has a 52 week low of $3.05 and a 52 week high of $9.51. The firm has a market cap of $130.53, a P/E ratio of -56.87 and a beta of -0.17.

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Aspen Group Company Profile

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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Earnings History and Estimates for Aspen Group (NASDAQ:ASPU)

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