Aspen Group (NASDAQ:ASPU) Releases Earnings Results, Beats Estimates By $0.04 EPS

Aspen Group (NASDAQ:ASPU) announced its quarterly earnings data on Tuesday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04, Fidelity Earnings reports. Aspen Group had a negative return on equity of 31.68% and a negative net margin of 22.92%.

Shares of ASPU opened at $6.90 on Wednesday. The firm has a market cap of $132.18 million, a price-to-earnings ratio of -13.80 and a beta of 0.91. The company’s fifty day moving average is $6.66 and its 200-day moving average is $5.04. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.68. Aspen Group has a 12 month low of $3.58 and a 12 month high of $7.44.

ASPU has been the topic of a number of recent research reports. Zacks Investment Research upgraded Aspen Group from a “strong sell” rating to a “hold” rating and set a $7.50 target price on the stock in a research note on Monday, November 11th. Northland Securities assumed coverage on Aspen Group in a research note on Monday, November 4th. They set an “outperform” rating and a $10.00 price target for the company. Lake Street Capital set a $10.00 price target on Aspen Group and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Canaccord Genuity started coverage on Aspen Group in a report on Monday, September 9th. They set a “buy” rating and a $8.00 price target for the company. Finally, Roth Capital set a $10.00 price target on Aspen Group and gave the company a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Aspen Group presently has an average rating of “Buy” and a consensus target price of $9.10.

About Aspen Group

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, education, business, technology, management, health sciences, and professional and extended studies.

Further Reading: What is a good dividend yield?

Earnings History for Aspen Group (NASDAQ:ASPU)

Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.