Wall Street brokerages expect Aspen Group, Inc. (NASDAQ:ASPU) to post sales of $19.23 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Aspen Group’s earnings, with the lowest sales estimate coming in at $18.97 million and the highest estimate coming in at $19.60 million. Aspen Group reported sales of $16.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 15th.
According to Zacks, analysts expect that Aspen Group will report full year sales of $77.99 million for the current year, with estimates ranging from $77.18 million to $78.50 million. For the next financial year, analysts anticipate that the company will report sales of $89.71 million, with estimates ranging from $84.89 million to $93.43 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Aspen Group.
Aspen Group (NASDAQ:ASPU) last released its earnings results on Tuesday, December 14th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Aspen Group had a negative return on equity of 17.83% and a negative net margin of 11.95%. During the same period in the previous year, the firm earned ($0.13) earnings per share.
Several equities research analysts recently commented on the company. Craig Hallum cut Aspen Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $3.50 in a research report on Wednesday, December 15th. Northland Securities lowered their target price on Aspen Group from $12.00 to $8.00 and set an “outperform” rating on the stock in a report on Friday, December 10th. Roth Capital reissued a “neutral” rating on shares of Aspen Group in a report on Wednesday, December 15th. Finally, Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Aspen Group presently has a consensus rating of “Hold” and an average price target of $8.88.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Aspen Group by 83.3% in the second quarter. Parallel Advisors LLC now owns 5,500 shares of the technology company’s stock worth $36,000 after buying an additional 2,500 shares during the period. Royal Bank of Canada raised its stake in shares of Aspen Group by 193.3% in the second quarter. Royal Bank of Canada now owns 3,913 shares of the technology company’s stock worth $26,000 after buying an additional 2,579 shares during the period. O Brien Greene & Co. Inc raised its stake in shares of Aspen Group by 2.2% in the third quarter. O Brien Greene & Co. Inc now owns 230,200 shares of the technology company’s stock worth $1,282,000 after buying an additional 5,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Aspen Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 188,174 shares of the technology company’s stock worth $1,048,000 after buying an additional 5,262 shares during the period. Finally, Formula Growth Ltd. raised its stake in shares of Aspen Group by 10.0% in the third quarter. Formula Growth Ltd. now owns 110,000 shares of the technology company’s stock worth $613,000 after buying an additional 10,000 shares during the period. 51.62% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Group stock opened at $2.56 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.81. Aspen Group has a one year low of $1.85 and a one year high of $10.62. The stock has a market capitalization of $63.98 million, a PE ratio of -7.53 and a beta of 0.63. The business’s fifty day moving average is $3.22 and its 200 day moving average is $4.98.
About Aspen Group
Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.
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