ANSYS, Inc. (NASDAQ:ANSS) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.92 per share for the quarter. ANSYS has set its Q2 guidance at $0.88-0.93 EPS.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The firm had revenue of $253.41 million during the quarter, compared to the consensus estimate of $241.52 million. ANSYS had a net margin of 26.82% and a return on equity of 13.81%. On average, analysts expect ANSYS to post $3.78 EPS for the current fiscal year and $4.13 EPS for the next fiscal year.

ANSYS, Inc. (NASDAQ:ANSS) opened at 127.91 on Wednesday. ANSYS, Inc. has a one year low of $82.28 and a one year high of $129.85. The firm has a market capitalization of $10.94 billion, a PE ratio of 41.35 and a beta of 1.09. The stock’s 50 day moving average is $123.63 and its 200-day moving average is $111.02.

A number of research analysts have issued reports on the company. Zacks Investment Research raised ANSYS from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. BidaskClub downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Evercore ISI set a $113.00 target price on ANSYS and gave the stock a “hold” rating in a research note on Saturday, June 10th. Wedbush reduced their target price on ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $115.00 target price (up from $96.00) on shares of ANSYS in a research note on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $105.75.

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/26/ansys-inc-anss-set-to-announce-quarterly-earnings-on-wednesday.html.

In other news, insider Walid Abu-Hadba sold 11,276 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $2.93, for a total transaction of $33,038.68. Following the completion of the transaction, the insider now directly owns 11,276 shares in the company, valued at approximately $33,038.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick J. Zilvitis sold 2,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total value of $248,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,076 shares of company stock valued at $875,999. 1.30% of the stock is owned by company insiders.

ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Earnings History for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.