Mentor Graphics Corp. (MENT) Releases FY15 Earnings Guidance
Mentor Graphics Corp. (NASDAQ:MENT) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.76, Stock Ratings Network.com reports. The company issued revenue guidance of $1.237 billion, compared to the consensus revenue estimate of $1.24 billion.Mentor Graphics Corp. also updated its Q3 guidance to $0.21 EPS.
On a related note, analysts at Canaccord Genuity raised their price target on shares of Mentor Graphics Corp. from $25.00 to $27.00 in a research note on Friday, May 23rd. They now have a buy rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of $26.83.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.94% on Thursday, hitting $21.43. 539,850 shares of the company’s stock traded hands. Mentor Graphics Corp. has a one year low of $19.14 and a one year high of $24.31. The stock has a 50-day moving average of $21.03 and a 200-day moving average of $21.15. The company has a market cap of $2.441 billion and a price-to-earnings ratio of 16.81.
Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $260.20 million for the quarter, compared to the consensus estimate of $253.55 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that Mentor Graphics Corp. will post $1.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%.
Mentor Graphics Corporation is a supplier of electronic design automation (NASDAQ:MENT) tools – computer software and emulation hardware systems used to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software in electronic systems and components.
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