Brokers Set Expectations for Mentor Graphics Corp.’s Q2 2019 Earnings (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) – Equities researchers at DA Davidson issued their Q2 2019 earnings per share estimates for Mentor Graphics Corp. in a research report issued on Monday. DA Davidson analyst T. Diffely anticipates that the firm will earn $0.05 per share for the quarter. DA Davidson has a “Buy” rating and a $32.00 price objective on the stock.
Several other equities analysts have also issued reports on the stock. TheStreet raised shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. Zacks Investment Research lowered shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Pacific Crest reiterated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Mentor Graphics Corp. in a research note on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.33.
Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.52% during trading on Wednesday, hitting $27.23. The stock had a trading volume of 2,052,232 shares. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 47.36 and a beta of 0.86. The firm has a 50 day moving average of $24.61 and a 200-day moving average of $21.95. Mentor Graphics Corp. has a 12 month low of $16.10 and a 12 month high of $28.09.
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Mentor Graphics Corp. (NASDAQ:MENT) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $254.34 million for the quarter, compared to analysts’ expectations of $245.17 million. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.22 dividend on an annualized basis and a yield of 0.81%. Mentor Graphics Corp.’s dividend payout ratio is presently 40.74%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Algert Global LLC increased its position in Mentor Graphics Corp. by 41.3% in the third quarter. Algert Global LLC now owns 47,667 shares of the company’s stock worth $1,260,000 after buying an additional 13,932 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Mentor Graphics Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,238 shares of the company’s stock worth $905,000 after buying an additional 693 shares in the last quarter. Foundry Partners LLC increased its position in Mentor Graphics Corp. by 5.9% in the third quarter. Foundry Partners LLC now owns 430,555 shares of the company’s stock worth $11,384,000 after buying an additional 24,147 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Mentor Graphics Corp. by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,361 shares of the company’s stock worth $369,000 after buying an additional 133 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new position in Mentor Graphics Corp. during the second quarter worth about $975,000. Institutional investors own 97.77% of the company’s stock.
Mentor Graphics Corp. Company Profile
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.
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