ANSYS, Inc. (ANSS) Releases Quarterly Earnings Results
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.
ILLEGAL ACTIVITY NOTICE: “ANSYS, Inc. (ANSS) Releases Quarterly Earnings Results” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/01/ansys-inc-anss-releases-quarterly-earnings-results.html.
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.
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.
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.