Synopsys (SNPS) Scheduled to Post Earnings on Wednesday

Synopsys (NASDAQ:SNPS) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Synopsys to post earnings of $1.00 per share for the quarter. Synopsys has set its Q1 guidance at $0.98-1.02 EPS.

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

Synopsys (NASDAQ SNPS) opened at $85.50 on Wednesday. The stock has a market capitalization of $12,720.00, a price-to-earnings ratio of 99.42, a PEG ratio of 3.76 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. Synopsys has a 12-month low of $65.31 and a 12-month high of $94.80.

In related news, EVP Joseph W. Logan sold 5,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chi-Foon Chan sold 3,750 shares of the company’s 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. Over the last three months, insiders sold 65,442 shares of company stock worth $5,779,693. 1.82% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $105.00 price target (up from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. Needham & Company LLC upped their price target on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. TheStreet downgraded Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $106.00 price target (up from $86.00) on shares of Synopsys in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $96.89.

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Synopsys Company Profile

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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