$6.94 Million in Sales Expected for Aspen Group Inc (ASPU) This Quarter

Wall Street analysts predict that Aspen Group Inc (NASDAQ:ASPU) will announce $6.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aspen Group’s earnings. The lowest sales estimate is $6.70 million and the highest is $7.18 million. Aspen Group posted sales of $4.29 million in the same quarter last year, which suggests a positive year over year growth rate of 61.8%. The business is expected to report its next earnings report on Tuesday, July 24th.

On average, analysts expect that Aspen Group will report full-year sales of $21.74 million for the current fiscal year, with estimates ranging from $21.50 million to $21.98 million. For the next fiscal year, analysts anticipate that the firm will report sales of $38.99 million per share, with estimates ranging from $38.92 million to $39.06 million. Zacks’ sales averages are an average based on a survey of analysts that follow Aspen Group.

Several equities research analysts have weighed in on ASPU shares. ValuEngine raised Aspen Group from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered Aspen Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Roth Capital reaffirmed a “buy” rating on shares of Aspen Group in a research report on Tuesday, April 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.75.

An institutional investor recently bought a new position in Aspen Group stock. Granite Investment Partners LLC purchased a new position in Aspen Group Inc (NASDAQ:ASPU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,597 shares of the technology company’s stock, valued at approximately $308,000. Granite Investment Partners LLC owned approximately 0.24% of Aspen Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.84% of the company’s stock.

Shares of Aspen Group opened at $7.40 on Thursday, according to MarketBeat Ratings. Aspen Group has a 1-year low of $5.35 and a 1-year high of $9.61. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $137.46 million, a price-to-earnings ratio of -74.00 and a beta of 0.71.

Aspen Group Company Profile

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, business, education, technology, and professional studies. As of April 30, 2017, it had 4,681 degree-seeking students enrolled.

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

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