Interesting Stocks To Watch On Aug. 8

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Asset optimization software company Aspen Technology Inc. (AZPN) issued strong FY20 guidance and reported stellar Q4 results.

Q4 net income was $103.9 million or $1.49 per share compared to $76.6 million or $1.06 per share last year.

Non-GAAP net income was $110.7 million or $1.59 per share for the fourth quarter of fiscal 2019, compared to $81.2 million or $1.12 per share in the same period of last fiscal year.

Analysts polled by Thomson Reuters estimated earnings of $1.09 per share for the quarter. Analysts' estimate typically exclude certain special items.

Total revenue increased to $195.8 million from $159.1 million last year.

FY20 Outlook

The company projects fiscal 2010 total revenue in the range of $575 million - $615 million, GAAP operating income of $206 million - $241 million, non-GAAP operating income of $272 million - $307 million, GAAP EPS of $2.70 - $3.11, and non-GAAP EPS of $3.44 - $3.85. Nine Wall Street analysts have a consensus earnings estimate of $3.45 per share and revenue of $569.72 million for FY20.

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Pet medication and wellness company PetlQ Inc. (PETQ) issued fiscal 2019 revenue guidance, while reporting increased results for the second quarter.

For fiscal 2019...

On a standalone basis, excluding contribution from its Perrigo Animal Health acquisition, the company now expects 2019 consolidated net sales of at least $650 million, an increase greater than 23% from growth of 98% in 2018, and adjusted EBITDA of at least $56 million, an increase greater than 35% from growth of 86% in 2018.

For full year 2019 based on the combination of PetIQ and Perrigo Animal Health, PetlQ expects consolidated net sales of at least $680 million, and adjusted EBITDA of at least $62 million.

Analysts polled by Thomson Reuters expect revenue of $610.98 million for fiscal 2019. Analysts' estimate typically exclude certain special items.

Q2 Results

Net income attributable to PetIQ was $3.8 million or $0.17 per share versus $2.5 million or $0.16 per share last year.

Adjusted net income was $15.8 million compared to $10.8 million reported in the same period of last year.

Net sales increased 29% to $220.6 million for the second quarter of 2019, compared to $171.1 million for the same period in the prior year.

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Luna Innovations Inc. (LUNA), a provider of advanced optical technology products, raised its fiscal 2019 guidance, and reported better-than-expected Q2 results.

Q2 net income was $840 thousand or $0.02 per share versus $1.07 million or $0.03 per share last year.

Total revenues climbed 79.5% to $17.8 million from $9.92 million generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.01 per share on revenue of $15.6 million for the quarter. Analysts' estimate typically exclude certain special items.

FY19 Outlook:

For full fiscal 2019, the company now expects total revenues to be between $66 million and $69 million and adjusted EBITDA to be between $7.2 million and $7.6 million. Previously, the company expected revenue of $60 million - $65 million; and adjusted EBITDA of $6.0 million - $6.5 million. Analysts expect revenue of $64.56 million for fiscal 2019.

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Internet-based mailing and shipping solutions provider Stamps.com (STMP) updated its fiscal 2019 guidance, and reported upbeat Q2 results.

For 2019, the company now expects non-GAAP adjusted income per share to be in a range of $3.60 - $4.85; revised from previous guidance of $3.35 - $4.85.

The company currently expects 2019 total revenue to be in a range of about $520 million - $560 million; compared to the previous guidance of $510 million - $560 million.

Analysts polled by Thomson Reuters expect the company to report earnings per share of $3.96 on revenue of $526.9 million. Analysts' estimates typically exclude special items.

Q2 Results:

For the second-quarter, non-GAAP adjusted income per share was $1.25, down 54% compared to $2.75, a year ago. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.96, for the quarter.

Second-quarter total revenue was $138.8 million, down 1% compared to $139.6 million, prior year. Analysts expected revenue of $128.35 million, for the quarter.