ANSYS, Inc. (ANSS) to Release Quarterly Earnings on Wednesday
ANSYS, Inc. (NASDAQ:ANSS) will be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. ANSYS has set its Q3 guidance at $0.94-0.98 EPS and its FY17 guidance at $3.77-3.89 EPS.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, analysts expect ANSYS to post $3.5 EPS for the current fiscal year and $3.76 EPS for the next fiscal year.
ANSYS, Inc. (ANSS) opened at 132.11 on Wednesday. The stock’s 50 day moving average is $126.52 and its 200-day moving average is $123.05. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 42.45 and a beta of 1.05. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $132.74.
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Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Citigroup Inc. assumed coverage on shares of ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price objective on the stock. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Barclays PLC decreased their price objective on shares of ANSYS from $115.00 to $113.00 and set an “underweight” rating on the stock in a research report on Friday, September 15th. Finally, J P Morgan Chase & Co restated a “sell” rating and set a $98.00 price objective on shares of ANSYS in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $116.68.
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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