Synopsys (SNPS) to Release Earnings on Tuesday

Synopsys (NASDAQ:SNPS) will release its earnings data after the market closes on Tuesday, February 13th. Analysts expect Synopsys to post earnings of $0.96 per share for the quarter. Synopsys has set its Q1 guidance at $0.98-1.02 EPS.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The firm had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect Synopsys to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Synopsys (SNPS) opened at $87.62 on Tuesday. Synopsys has a twelve month low of $64.53 and a twelve month high of $94.80. The firm has a market capitalization of $13,408.03, a price-to-earnings ratio of 103.08, a P/E/G ratio of 4.02 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04.

A number of research firms recently weighed in on SNPS. BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. cut Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target for the company. in a report on Tuesday, December 12th. Zacks Investment Research cut Synopsys from a “hold” rating to a “strong sell” rating in a report on Monday, December 4th. Needham & Company LLC raised their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, TheStreet cut Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $96.89.

In other news, Director Steven Walske sold 4,545 shares of Synopsys stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total value of $409,595.40. Following the completion of the sale, the director now directly owns 14,988 shares of the company’s stock, valued at approximately $1,350,718.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction on Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $336,675.00. The disclosure for this sale can be found here. Insiders sold a total of 65,442 shares of company stock valued at $5,779,693 over the last three months. Insiders own 1.82% of the company’s stock.

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About Synopsys

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

Earnings History for Synopsys (NASDAQ:SNPS)

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