Aspen Technology (NASDAQ:AZPN – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.470-7.470 for the period, compared to the consensus earnings per share estimate of 7.460. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.
Aspen Technology Trading Up 3.1 %
Aspen Technology stock opened at $235.81 on Friday. The company has a market cap of $14.93 billion, a P/E ratio of -535.93, a price-to-earnings-growth ratio of 2.73 and a beta of 0.75. The company has a fifty day simple moving average of $213.54 and a 200 day simple moving average of $207.05. Aspen Technology has a 1-year low of $162.26 and a 1-year high of $240.82.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last released its earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $319.10 million. During the same period last year, the business earned $1.87 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Aspen Technology will post 6.53 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Aspen Technology
Insiders Place Their Bets
In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
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.
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