Aspen Group Inc (ASPU) Posts Earnings Results, Misses Estimates By $0.03 EPS
Aspen Group Inc (OTCBB:ASPU) released its quarterly earnings data on Thursday. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03), Morningstar.com reports. The business had revenue of $4.24 million for the quarter, compared to the consensus estimate of $4.11 million. Aspen Group had a negative return on equity of 61.89% and a negative net margin of 16.87%.
Shares of Aspen Group (ASPU) opened at 6.77 on Friday. The stock’s 50 day moving average is $6.25 and its 200 day moving average is $5.64. Aspen Group has a 12 month low of $2.46 and a 12 month high of $7.75. The firm’s market cap is $92.15 million.
Separately, Zacks Investment Research cut shares of Aspen Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
Aspen Group Company Profile
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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