Analysts Anticipate ANSYS, Inc. (ANSS) Will Announce Earnings of $0.88 Per Share
Brokerages forecast that ANSYS, Inc. (NASDAQ:ANSS) will report $0.88 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for ANSYS’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.92. ANSYS also reported earnings of $0.88 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that ANSYS will report full-year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.57. For the next fiscal year, analysts anticipate that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.67 to $3.76. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow ANSYS.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS.
A number of analysts recently issued reports on ANSS shares. Citigroup Inc. downgraded shares of ANSYS from a “buy” rating to a “neutral” rating and increased their price target for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective for the company. Zacks Investment Research cut shares of ANSYS from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Barclays PLC reduced their price objective on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research report on Monday, May 15th. Finally, Wedbush reduced their price objective on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. ANSYS currently has an average rating of “Hold” and a consensus target price of $105.75.
In other news, Director Michael Thurk sold 4,800 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.95, for a total value of $594,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Zilvitis sold 2,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Huntington National Bank boosted its stake in shares of ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock worth $166,000 after buying an additional 9 shares during the period. Gofen & Glossberg LLC IL boosted its stake in shares of ANSYS by 1.6% in the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock worth $271,000 after buying an additional 40 shares during the period. Pacer Advisors Inc. boosted its stake in shares of ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after buying an additional 44 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock worth $231,000 after buying an additional 74 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of ANSYS by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock worth $1,230,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 98.16% of the company’s stock.
Shares of ANSYS (ANSS) opened at 124.98 on Tuesday. The firm has a 50-day moving average of $123.95 and a 200-day moving average of $112.54. ANSYS has a one year low of $82.28 and a one year high of $131.63. The company has a market capitalization of $10.64 billion, a P/E ratio of 40.16 and a beta of 1.10.
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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