Aspen Group Inc (ASPU) Expected to Announce Quarterly Sales of $6.94 Million

Wall Street analysts expect that Aspen Group Inc (NASDAQ:ASPU) will post sales of $6.94 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aspen Group’s earnings, with the highest sales estimate coming in at $7.18 million and the lowest estimate coming in at $6.70 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 firm is expected to report its next earnings report on Tuesday, July 24th.

On average, analysts expect that Aspen Group will report full year sales of $21.74 million for the current year, with estimates ranging from $21.50 million to $21.98 million. For the next fiscal year, analysts forecast that the company will report sales of $39.12 million per share, with estimates ranging from $39.06 million to $39.19 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Aspen Group.

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

ASPU has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Aspen Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine upgraded shares of Aspen Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Roth Capital restated a “buy” rating on shares of Aspen Group in a research 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 stock currently has an average rating of “Buy” and an average target price of $10.75.

Shares of Aspen Group traded down $0.32, reaching $7.06, on Monday, MarketBeat reports. 133,800 shares of the company’s stock were exchanged, compared to its average volume of 42,354. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.48. The firm has a market cap of $131.77 million, a PE ratio of -72.10 and a beta of 0.71. Aspen Group has a twelve month low of $5.35 and a twelve month high of $9.61.

An institutional investor recently bought a new position in Aspen Group stock. Granite Investment Partners LLC purchased a new stake in shares of Aspen Group Inc (NASDAQ:ASPU) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,597 shares of the technology company’s stock, valued at approximately $308,000. Granite Investment Partners LLC owned about 0.24% of Aspen Group as of its most recent filing with the Securities & Exchange Commission. 5.84% of the stock is currently owned by institutional investors.

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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