Synopsys (NASDAQ:SNPS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.67-3.74 for the period, compared to the Thomson Reuters consensus estimate of $3.51. The company issued revenue guidance of $2.92-2.95 billion, compared to the consensus revenue estimate of $2.91 billion.Synopsys also updated its Q2 guidance to $1.06-1.10 EPS.
Synopsys (SNPS) opened at $84.38 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $13,319.78, a PE ratio of 63.19, a price-to-earnings-growth ratio of 3.94 and a beta of 1.04. Synopsys has a 1 year low of $69.42 and a 1 year high of $94.80.
Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.00 by $0.10. The firm had revenue of $769.40 million during the quarter, compared to the consensus estimate of $750.43 million. Synopsys had a return on equity of 6.61% and a net margin of 1.63%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. equities research analysts anticipate that Synopsys will post 2.24 EPS for the current fiscal year.
In other news, Director Steven Walske sold 4,545 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total transaction of $409,595.40. Following the completion of the transaction, the director now directly owns 14,988 shares in the company, valued at $1,350,718.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chi-Foon Chan sold 3,750 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $336,675.00. The disclosure for this sale can be found here. Insiders have sold 65,442 shares of company stock valued at $5,779,693 over the last 90 days. 1.82% of the stock is owned by corporate insiders.
Synopsys Company Profile
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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