Synopsys (NASDAQ:SNPS) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.89-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.20. The company issued revenue guidance of $805-835 million, compared to the consensus revenue estimate of $871.25 million.Synopsys also updated its FY 2020
After-Hours guidance to 5.18-5.25 EPS.

Shares of Synopsys stock traded down $1.72 during midday trading on Friday, reaching $134.29. 478,645 shares of the company’s stock traded hands, compared to its average volume of 1,083,242. The stock has a 50 day moving average of $137.27 and a 200-day moving average of $133.14. Synopsys has a 12 month low of $79.14 and a 12 month high of $146.66. The company has a market cap of $21.20 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 3.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.99.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Synopsys had a net margin of 18.94% and a return on equity of 16.56%. The business had revenue of $851.10 million for the quarter, compared to the consensus estimate of $847.34 million. During the same period in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Synopsys will post 3.15 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Synopsys from a buy rating to a hold rating in a research note on Wednesday, October 2nd. KeyCorp lifted their price objective on Synopsys from $153.00 to $155.00 and gave the company a buy rating in a research report on Thursday. DA Davidson upped their target price on Synopsys to $175.00 and gave the stock a buy rating in a report on Thursday. Wells Fargo & Co reissued an outperform rating and issued a $160.00 target price (up previously from $150.00) on shares of Synopsys in a research report on Thursday, August 22nd. Finally, Needham & Company LLC restated a buy rating and set a $150.00 price target on shares of Synopsys in a research report on Thursday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Synopsys presently has a consensus rating of Buy and an average target price of $151.00.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

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Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

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