Mentor Graphics Corp. Expected to Post Q1 2019 Earnings of $0.01 Per Share (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) – Stock analysts at DA Davidson issued their Q1 2019 earnings per share estimates for shares of Mentor Graphics Corp. in a research report issued on Monday. DA Davidson analyst T. Diffely forecasts that the brokerage will post earnings per share of $0.01 for the quarter. DA Davidson currently has a “Buy” rating and a $32.00 price objective on the stock. DA Davidson also issued estimates for Mentor Graphics Corp.’s FY2019 earnings at $1.59 EPS.
Mentor Graphics Corp. (NASDAQ:MENT) last posted its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $254.34 million for the quarter, compared to analyst estimates of $245.17 million. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. Mentor Graphics Corp.’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS.
MENT has been the topic of a number of other research reports. KeyCorp reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Pacific Crest reaffirmed a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. TheStreet raised shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. Finally, Zacks Investment Research downgraded shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.33.
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Mentor Graphics Corp. (NASDAQ:MENT) traded up 2.53% during mid-day trading on Thursday, reaching $27.92. 5,909,988 shares of the company were exchanged. The stock has a 50 day moving average of $24.71 and a 200-day moving average of $21.98. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 48.56 and a beta of 0.86. Mentor Graphics Corp. has a one year low of $16.10 and a one year high of $28.41.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.22 annualized dividend and a dividend yield of 0.79%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is currently 40.74%.
Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Mentor Graphics Corp. by 100.8% in the second quarter. Bank of New York Mellon Corp now owns 2,727,073 shares of the company’s stock valued at $57,979,000 after buying an additional 1,369,135 shares during the period. LSV Asset Management increased its position in Mentor Graphics Corp. by 54.7% in the second quarter. LSV Asset Management now owns 3,207,764 shares of the company’s stock valued at $68,197,000 after buying an additional 1,134,128 shares during the period. Teachers Advisors Inc. increased its position in Mentor Graphics Corp. by 188.2% in the first quarter. Teachers Advisors Inc. now owns 1,308,224 shares of the company’s stock valued at $26,596,000 after buying an additional 854,362 shares during the period. Highbridge Capital Management LLC bought a new position in Mentor Graphics Corp. during the second quarter valued at about $13,906,000. Finally, Emerald Acquisition Ltd. bought a new position in Mentor Graphics Corp. during the second quarter valued at about $12,237,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
About Mentor Graphics Corp.
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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