Synopsys (SNPS) Releases FY18 Earnings Guidance

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.

SNPS has been the subject of several research reports. JPMorgan Chase & Co. downgraded Synopsys from a neutral rating to an underweight rating and set a $87.00 target price for the company. in a research report on Tuesday, December 12th. BidaskClub downgraded Synopsys from a buy rating to a hold rating in a research report on Tuesday, December 12th. Royal Bank of Canada increased their target price on Synopsys from $100.00 to $110.00 and gave the company a top pick rating in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded Synopsys from a hold rating to a strong sell rating in a research report on Monday, December 4th. Finally, Needham & Company LLC raised their price objective on Synopsys from $83.00 to $100.00 and gave the stock a buy rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $97.33.

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.

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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.

Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

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