Wall Street analysts expect that ANSYS, Inc. (NASDAQ:ANSS) will announce earnings per share of $0.84 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for ANSYS’s earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.83. ANSYS reported earnings of $0.87 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The firm is expected to issue its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that ANSYS will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.57. For the next financial year, analysts forecast that the business will report earnings of $3.73 per share, with EPS estimates ranging from $3.67 to $3.76. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for ANSYS.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $253.41 million during the quarter, compared to analyst estimates of $241.52 million. ANSYS had a return on equity of 13.81% and a net margin of 26.82%.
A number of research analysts have recently weighed in on the stock. Citigroup Inc. downgraded shares of ANSYS from a “buy” rating to a “neutral” rating and increased their target price for the company from $112.00 to $114.00 in a research report on Thursday, May 4th. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Barclays PLC dropped their price target on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a research note on Monday, May 15th. Mitsubishi UFJ Financial Group cut shares of ANSYS from an “overweight” rating to a “neutral” rating and upped their price target for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Finally, Wedbush restated a “neutral” rating and set a $101.00 price target (down from $114.00) on shares of ANSYS in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. ANSYS currently has a consensus rating of “Hold” and a consensus target price of $104.86.
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Shares of ANSYS (NASDAQ ANSS) traded down 0.64% during mid-day trading on Thursday, reaching $121.99. The company’s stock had a trading volume of 193,583 shares. The company has a 50 day moving average of $122.75 and a 200-day moving average of $106.23. ANSYS has a 12 month low of $82.28 and a 12 month high of $129.85. The firm has a market capitalization of $10.43 billion, a P/E ratio of 39.44 and a beta of 1.07.
In other news, VP Sheila S. Dinardo sold 4,856 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $105.17, for a total value of $510,705.52. Following the transaction, the vice president now owns 8,842 shares of the company’s stock, valued at approximately $929,913.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Thurk sold 4,800 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.95, for a total transaction of $594,960.00. The disclosure for this sale can be found here. Insiders sold a total of 22,932 shares of company stock worth $1,386,704 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of ANSS. Crestwood Advisors Group LLC bought a new position in shares of ANSYS during the first quarter worth approximately $128,000. Global X Management Co. LLC raised its position in shares of ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after buying an additional 44 shares during the last quarter. Huntington National Bank raised its position in shares of ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock worth $166,000 after buying an additional 9 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of ANSYS during the first quarter worth approximately $179,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS Company Profile
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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