$0.85 Earnings Per Share Expected for Synopsys, Inc. (SNPS) This Quarter
Wall Street brokerages expect Synopsys, Inc. (NASDAQ:SNPS) to announce earnings per share (EPS) of $0.85 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Synopsys’ earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.86. Synopsys reported earnings per share of $0.94 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Synopsys will report full year earnings of $3.59 per share for the current year, with EPS estimates ranging from $3.53 to $3.70. For the next financial year, analysts forecast that the company will post earnings of $3.92 per share, with EPS estimates ranging from $3.84 to $3.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Synopsys.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. Synopsys had a net margin of 12.37% and a return on equity of 11.60%. The company had revenue of $696.60 million for the quarter, compared to the consensus estimate of $650.72 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year.
Several equities research analysts have recently issued reports on SNPS shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and lifted their price objective for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research lowered Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. reissued an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Finally, DA Davidson reissued a “buy” rating and issued a $105.00 price objective (up previously from $91.00) on shares of Synopsys in a report on Tuesday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Synopsys presently has an average rating of “Buy” and an average target price of $93.89.
Shares of Synopsys (SNPS) traded up $3.61 during trading on Friday, hitting $90.38. 2,950,700 shares of the stock were exchanged, compared to its average volume of 1,053,213. The company has a market capitalization of $13,492.24, a PE ratio of 36.06, a PEG ratio of 4.09 and a beta of 1.00. Synopsys has a 52 week low of $56.03 and a 52 week high of $94.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.
Several institutional investors and hedge funds have recently modified their holdings of SNPS. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 147 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Synopsys by 3.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Synopsys by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares in the last quarter. Finally, Tiemann Investment Advisors LLC purchased a new position in shares of Synopsys during the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.
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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.
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