Mentor Graphics Corp (MENT) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of ~$1.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.56. The company issued revenue guidance of $1.155 billion, compared to the consensus revenue estimate of $1.17 billion.Mentor Graphics Corp also updated its Q1 guidance to ~$0.05 EPS.

Shares of Mentor Graphics Corp (MENT) traded up 3.81% during mid-day trading on Thursday, hitting $17.71. Mentor Graphics Corp (MENT) has a one year low of $12.85 and a one year high of $17.87. The stock’s 50-day moving average is currently $17.02. The company has a market cap of $1.992 billion and a P/E ratio of 14.34.

Mentor Graphics Corp last released its earnings data on Thursday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $331.20 million for the quarter, compared to the consensus estimate of $343.13 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Mentor Graphics Corp has set its Q1 guidance at ~$0.05 EPS and its FY14 guidance at ~$1.53 EPS. On average, analysts predict that Mentor Graphics Corp (MENT) will post $1.39 earnings per share for the current fiscal year.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software in electronic systems and components.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.