Aspen Group (ASPU) Posts Earnings Results, Misses Expectations By $0.03 EPS

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Aspen Group (NASDAQ:ASPU) posted its quarterly earnings data on Thursday. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03), Fidelity Earnings reports. Aspen Group had a negative return on equity of 30.07% and a negative net margin of 32.07%.

Aspen Group stock opened at $7.05 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $130.97 million, a price-to-earnings ratio of -18.08 and a beta of 0.67. Aspen Group has a twelve month low of $5.66 and a twelve month high of $9.61.

In other Aspen Group news, Director Malcolm F. Iv Maclean purchased 5,667 shares of the stock in a transaction on Friday, July 13th. The stock was acquired at an average cost of $7.27 per share, with a total value of $41,199.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.30% of the company’s stock.

ASPU has been the subject of several recent research reports. ValuEngine downgraded shares of Aspen Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of Aspen Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $12.13.

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.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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