Brokerages expect that Aspen Group Inc (NASDAQ:ASPU) will post $6.42 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aspen Group’s earnings. The highest sales estimate is $6.70 million and the lowest is $6.13 million. Aspen Group posted sales of $4.29 million during the same quarter last year, which suggests a positive year over year growth rate of 49.7%. The company is expected to issue its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Aspen Group will report full-year sales of $6.42 million for the current fiscal year, with estimates ranging from $21.00 million to $21.50 million. For the next year, analysts anticipate that the firm will report sales of $39.53 million per share, with estimates ranging from $39.06 million to $40.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Aspen Group.
ASPU has been the subject of several research analyst reports. Zacks Investment Research upgraded Aspen Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Craig Hallum initiated coverage on Aspen Group in a report on Monday, February 12th. They set a “buy” rating and a $12.00 price target for the company. Roth Capital raised their price target on Aspen Group from $9.60 to $12.25 and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Taglich Brothers restated a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th.
An institutional investor recently raised its position in Aspen Group stock. Royce & Associates LP lifted its stake in Aspen Group Inc (NASDAQ:ASPU) by 60.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,520 shares of the technology company’s stock after purchasing an additional 53,540 shares during the quarter. Royce & Associates LP owned about 0.94% of Aspen Group worth $1,262,000 at the end of the most recent reporting period. Institutional investors own 7.00% of the company’s stock.
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Aspen Group Company Profile
Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).
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