Aspen Aerogels, Inc. (NYSE:ASPN) Releases FY17 Earnings Guidance

Aspen Aerogels, Inc. (NYSE:ASPN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of ($0.89)-(0.78) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.87). The company issued revenue guidance of $104-112, compared to the consensus revenue estimate of $106.63 million.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Aspen Aerogels from a hold rating to a buy rating and set a $5.25 target price on the stock in a research note on Wednesday. ValuEngine cut shares of Aspen Aerogels from a sell rating to a strong sell rating in a research note on Friday, July 28th. Finally, Citigroup Inc. upped their target price on shares of Aspen Aerogels from $4.50 to $4.75 and gave the company a neutral rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Aspen Aerogels currently has an average rating of Hold and an average target price of $6.50.

Shares of Aspen Aerogels, Inc. (ASPN) traded up 3.26% during trading on Friday, hitting $4.75. 8,849 shares of the stock traded hands. Aspen Aerogels, Inc. has a 52-week low of $3.61 and a 52-week high of $6.71. The stock has a 50 day moving average of $4.53 and a 200 day moving average of $4.30. The firm’s market cap is $97.76 million.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Thursday, August 3rd. The construction company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.01. The firm had revenue of $25.10 million for the quarter, compared to analyst estimates of $24.79 million. Aspen Aerogels had a negative return on equity of 20.95% and a negative net margin of 22.22%. Aspen Aerogels’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Analysts expect that Aspen Aerogels, Inc. will post ($0.86) EPS for the current year.

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About Aspen Aerogels

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.

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