Zacks: Brokerages Expect Aspen Group Inc (ASPU) Will Post Earnings of -$0.11 Per Share

Wall Street analysts expect Aspen Group Inc (NASDAQ:ASPU) to report earnings per share of ($0.11) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aspen Group’s earnings. Aspen Group reported earnings per share of ($0.07) in the same quarter last year, which would suggest a negative year over year growth rate of 57.1%. The firm is expected to report its next earnings report on Tuesday, July 24th.

According to Zacks, analysts expect that Aspen Group will report full year earnings of ($0.36) per share for the current financial year, with EPS estimates ranging from ($0.36) to ($0.35). For the next financial year, analysts anticipate that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.34) to ($0.18). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Aspen Group.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings data on Thursday, March 15th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The firm had revenue of $5.70 million for the quarter, compared to the consensus estimate of $5.74 million. Aspen Group had a negative return on equity of 35.74% and a negative net margin of 21.59%.

Several brokerages have weighed in on ASPU. ValuEngine upgraded Aspen Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Roth Capital restated a “buy” rating on shares of Aspen Group in a report on Tuesday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $10.75.

Shares of ASPU stock traded down $0.32 on Friday, hitting $7.06. The stock had a trading volume of 133,800 shares, compared to its average volume of 42,354. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $131.77 million, a PE ratio of -72.10 and a beta of 0.71. Aspen Group has a 1 year low of $5.35 and a 1 year high of $9.61.

An institutional investor recently bought a new position in Aspen Group stock. Granite Investment Partners LLC acquired a new position in shares of Aspen Group Inc (NASDAQ:ASPU) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,597 shares of the technology company’s stock, valued at approximately $308,000. Granite Investment Partners LLC owned approximately 0.24% of Aspen Group as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.84% of the company’s stock.

Aspen Group Company Profile

Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, business, education, technology, and professional studies. As of April 30, 2017, it had 4,681 degree-seeking students enrolled.

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

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