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Mentor Graphics Corp. (NASDAQ:MENT) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39, American Banking and Market News reports. The company issued revenue guidance of $275.0 million, compared to the consensus revenue estimate of $295.93 million.Mentor Graphics Corp. also updated its FY15 guidance to $1.75 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 research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of $26.83.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.94% during mid-day trading on Thursday, hitting $21.43. 539,850 shares of the company’s stock traded hands. Mentor Graphics Corp. has a 52 week low of $19.14 and a 52 week 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.

Mentor Graphics Corp. (NASDAQ:MENT) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.26 earnings per share. Mentor Graphics Corp.’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Mentor Graphics Corp. will post $1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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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