ANSYS, Inc. (NASDAQ:ANSS) Issues FY17 Earnings Guidance
ANSYS, Inc. (NASDAQ:ANSS) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $3.77-3.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.79. The company issued revenue guidance of $1.053-1.073 billion, compared to the consensus revenue estimate of $1.05 billion.ANSYS also updated its Q3 guidance to $0.94-0.98 EPS.
A number of analysts have recently weighed in on the company. UBS AG cut ANSYS from an overweight rating to a neutral rating in a research report on Thursday, May 4th. Evercore ISI set a $113.00 price objective on ANSYS and gave the stock a hold rating in a research report on Saturday, June 10th. BidaskClub raised ANSYS from a buy rating to a strong-buy rating in a research report on Friday. Barclays PLC restated an underweight rating and issued a $115.00 target price (up previously from $96.00) on shares of ANSYS in a research note on Friday, May 5th. Finally, Zacks Investment Research upgraded ANSYS from a sell rating to a hold rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has a consensus rating of Hold and an average target price of $105.75.
Shares of ANSYS, Inc. (NASDAQ:ANSS) traded up 0.75% during trading on Friday, reaching $124.32. The company had a trading volume of 515,010 shares. The firm has a 50-day moving average of $123.95 and a 200 day moving average of $112.54. ANSYS, Inc. has a 1-year low of $82.28 and a 1-year high of $131.63. The firm has a market capitalization of $10.59 billion, a PE ratio of 39.95 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.83%. The company had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. ANSYS’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that ANSYS, Inc. will post $3.83 earnings per share for the current year.
In other ANSYS news, Director Michael Thurk sold 4,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total value of $594,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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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