Aspen Group Inc (ASPU) Expected to Post Earnings of -$0.15 Per Share

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.

COPYRIGHT VIOLATION NOTICE: This report was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2018/01/13/aspen-group-inc-aspu-expected-to-post-earnings-of-0-15-per-share.html.

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).

Get a free copy of the Zacks research report on Aspen Group (ASPU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.

Leave a Reply