Analysts forecast that Aspen Group Inc (NASDAQ:ASPU) will report earnings of ($0.15) per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aspen Group’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.17). The firm is expected to issue its next earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Aspen Group will report full year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.36) to ($0.29). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.17) per share, with EPS estimates ranging from ($0.33) to $0.00. Zacks’ EPS averages are an average based on a survey of analysts that follow Aspen Group.
A number of research analysts have recently weighed in on ASPU shares. Zacks Investment Research lowered Aspen Group from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Roth Capital increased their price objective 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 reissued a “speculative buy” rating on shares of Aspen Group in a report on Tuesday, December 19th.
Shares of Aspen Group (NASDAQ ASPU) traded down $0.37 during mid-day trading on Friday, hitting $8.80. The stock had a trading volume of 56,271 shares, compared to its average volume of 47,972. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $130.09, a price-to-earnings ratio of -58.67 and a beta of -0.17. Aspen Group has a fifty-two week low of $2.76 and a fifty-two week high of $9.51.
Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP acquired a new stake in Aspen Group during the third quarter worth about $553,000. P.A.W. Capital Corp acquired a new stake in Aspen Group during the third quarter worth about $1,570,000. Finally, Unterberg Capital LLC acquired a new stake in Aspen Group during the third quarter worth about $2,355,000. 5.92% of the stock is currently owned by hedge funds and other institutional investors.
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About Aspen Group
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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