Aspen Aerogels (ASPN) Releases FY 2019 Earnings Guidance

Aspen Aerogels (NYSE:ASPN) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.61–0.53 for the period, compared to the Thomson Reuters consensus estimate of $-0.5. The company issued revenue guidance of $126-134 million, compared to the consensus revenue estimate of $125.8 million.

ASPN stock traded up $0.06 during midday trading on Thursday, reaching $3.60. 78,300 shares of the company’s stock traded hands, compared to its average volume of 65,240. Aspen Aerogels has a 52 week low of $1.60 and a 52 week high of $5.32. The stock has a market capitalization of $84.38 million, a price-to-earnings ratio of -4.34 and a beta of 1.92.

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Aspen Aerogels Company Profile

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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