Aspen Aerogels (NYSE:ASPN) Releases FY 2024 Earnings Guidance

Aspen Aerogels (NYSE:ASPN - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.030- for the period, compared to the consensus estimate of -0.220. The company issued revenue guidance of $380.0 million-, compared to the consensus revenue estimate of $362.0 million. Aspen Aerogels also updated its FY24 guidance to over $0.03 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. HC Wainwright reaffirmed a buy rating and set a $20.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, February 14th. Roth Mkm reiterated a buy rating and issued a $22.00 target price on shares of Aspen Aerogels in a research note on Tuesday. Finally, TheStreet raised shares of Aspen Aerogels from a d+ rating to a c- rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $19.00.

Aspen Aerogels Stock Performance

ASPN traded down $0.44 during trading on Wednesday, hitting $15.22. The stock had a trading volume of 918,318 shares, compared to its average volume of 947,453. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.91 and a current ratio of 3.41. The company has a 50 day simple moving average of $16.45 and a 200-day simple moving average of $13.49. Aspen Aerogels has a 12 month low of $5.32 and a 12 month high of $19.10.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.11. Aspen Aerogels had a negative return on equity of 10.47% and a negative net margin of 19.19%. The company had revenue of $84.22 million during the quarter, compared to analysts' expectations of $83.82 million. During the same period in the prior year, the business earned ($0.20) earnings per share. On average, sell-side analysts expect that Aspen Aerogels will post -0.24 earnings per share for the current year.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.

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