Aspen Aerogels (NYSE:ASPN) Updates FY 2020 After-Hours Earnings Guidance
Aspen Aerogels (NYSE:ASPN) issued an update on its FY 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.67–0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.46. The company issued revenue guidance of $104-110 million, compared to the consensus revenue estimate of $116.7 million.
ASPN traded down $0.27 during midday trading on Friday, reaching $6.35. The company had a trading volume of 217,197 shares, compared to its average volume of 94,886. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $6.50 and a two-hundred day moving average of $7.12. The company has a market cap of $168.85 million, a P/E ratio of -13.51 and a beta of 1.63. Aspen Aerogels has a 1 year low of $4.09 and a 1 year high of $10.71.
Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, July 30th. The construction company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Aspen Aerogels had a negative return on equity of 19.28% and a negative net margin of 8.97%. The business had revenue of $24.64 million for the quarter, compared to analysts’ expectations of $22.60 million. On average, equities research analysts predict that Aspen Aerogels will post -0.51 EPS for the current year.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.
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