Mentor Graphics Corp. (MENT) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Mentor Graphics Corp. (NASDAQ:MENT) posted its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.08, Analyst Ratings.Net reports. The company had revenue of $260.20 million for the quarter, compared to the consensus estimate of $253.55 million.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.94% during mid-day trading on Thursday, hitting $21.43. 534,508 shares of the company’s stock traded hands. Mentor Graphics Corp. has a 1-year low of $19.14 and a 1-year high of $24.31. The stock’s 50-day moving average is $21.03 and its 200-day moving average is $21.15. The company has a market cap of $2.441 billion and a price-to-earnings ratio of 16.81.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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%.
On the ratings front, 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 analysts have rated the stock with a buy rating, Mentor Graphics Corp. currently has an average rating of “Buy” and a consensus price target of $26.83.
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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