ANSYS, Inc. (ANSS) Set to Announce Quarterly Earnings on Wednesday
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.
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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.
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