Taglich Brothers Equities Analysts Decrease Earnings Estimates for Aspen Group Inc (ASPU)

Aspen Group Inc (NASDAQ:ASPU) – Equities researchers at Taglich Brothers reduced their Q3 2018 earnings estimates for shares of Aspen Group in a research note issued on Tuesday, Zacks Investment Research reports. Taglich Brothers analyst H. Halpern now expects that the technology company will post earnings of ($0.17) per share for the quarter, down from their previous estimate of $0.03. Taglich Brothers has a “Speculative Buy” rating on the stock. Taglich Brothers also issued estimates for Aspen Group’s Q4 2018 earnings at ($0.10) EPS, FY2018 earnings at ($0.36) EPS, Q1 2019 earnings at ($0.15) EPS, Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.33) EPS.

ASPU has been the subject of a number of other reports. Roth Capital began coverage on Aspen Group in a report on Friday, October 6th. They set a “buy” rating and a $10.00 price target for the company. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a report on Friday, November 10th.

Aspen Group (NASDAQ ASPU) opened at $8.51 on Friday. Aspen Group has a twelve month low of $3.05 and a twelve month high of $9.61. The stock has a market capitalization of $125.02, a P/E ratio of -56.73 and a beta of -0.17. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.58.

Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP acquired a new stake in Aspen Group during the 3rd quarter valued at $553,000. P.A.W. Capital Corp acquired a new stake in Aspen Group during the 3rd quarter valued at $1,570,000. Finally, Unterberg Capital LLC acquired a new stake in Aspen Group during the 3rd quarter valued at $2,355,000. 5.92% of the stock is owned by hedge funds and other institutional investors.

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

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