ANSYS, Inc. (NASDAQ:ANSS) posted its quarterly earnings results on Wednesday. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10, Bloomberg Earnings reports. The business had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. ANSYS updated its Q4 guidance to $0.99-1.05 EPS.

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Several equities analysts have commented on ANSS shares. Zacks Investment Research downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) started coverage on shares of ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price target for the company. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Berenberg Bank started coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price target for the company. Finally, Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the stock a “buy” rating in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. ANSYS has a consensus rating of “Hold” and a consensus target price of $116.68.

About ANSYS

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)

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