Brokerages expect that Aspen Group (NASDAQ:ASPU) will report sales of $6.94 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Aspen Group’s earnings, with the lowest sales estimate coming in at $6.70 million and the highest estimate coming in at $7.18 million. Aspen Group posted sales of $4.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 61.8%. The company is expected to issue its next quarterly earnings results on Tuesday, July 24th.
On average, analysts expect that Aspen Group will report full-year sales of $21.74 million for the current fiscal year, with estimates ranging from $21.50 million to $21.98 million. For the next year, analysts forecast that the firm will post sales of $39.12 million per share, with estimates ranging from $39.06 million to $39.19 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Aspen Group.
Aspen Group (NASDAQ:ASPU) last released its earnings results on Thursday, March 15th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. Aspen Group had a negative return on equity of 35.74% and a negative net margin of 21.59%. The company had revenue of $5.70 million during the quarter, compared to analyst estimates of $5.74 million.
Shares of Aspen Group traded up $0.09, reaching $8.37, during midday trading on Monday, according to Marketbeat Ratings. The company had a trading volume of 20,700 shares, compared to its average volume of 40,725. Aspen Group has a one year low of $8.29 and a one year high of $8.29. 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 firm has a market cap of $151.96 million, a PE ratio of -83.70 and a beta of 0.74.
A hedge fund recently raised its stake in Aspen Group stock. Royce & Associates LP raised its holdings in shares of Aspen Group (NASDAQ:ASPU) by 60.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,520 shares of the technology company’s stock after purchasing an additional 53,540 shares during the period. Royce & Associates LP owned 0.94% of Aspen Group worth $1,262,000 at the end of the most recent reporting period. 5.80% of the stock is owned by hedge funds and other institutional investors.
About Aspen Group
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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