Aspen Technology (NASDAQ:AZPN) Releases FY25 Earnings Guidance

Aspen Technology (NASDAQ:AZPN) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $7.52 for the period, compared to the consensus EPS estimate of $7.46. The company issued revenue guidance of $1.19 billion, compared to the consensus revenue estimate of $1.19 billion.

Aspen Technology Stock Up 1.7 %

NASDAQ AZPN traded up $3.92 on Monday, reaching $237.59. The company had a trading volume of 209,740 shares, compared to its average volume of 202,025. The stock’s 50 day moving average is $232.68 and its 200-day moving average is $212.65. Aspen Technology has a 52 week low of $162.26 and a 52 week high of $244.85. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of -1,482.25, a PEG ratio of 2.74 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.49. The company had revenue of $342.91 million during the quarter, compared to analysts’ expectations of $319.10 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 up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, analysts forecast that Aspen Technology will post 6.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AZPN shares. Piper Sandler boosted their target price on shares of Aspen Technology from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Bank of America upped their target price on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Loop Capital lifted their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, 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 research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aspen Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.40.

Insider Buying and Selling

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction on 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 approximately $1,871,114. This trade represents a 0.00 % decrease in their ownership of the stock. 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 currently owned by 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.