Synopsys (NASDAQ:SNPS) Issues Q4 2019 Earnings Guidance

Synopsys (NASDAQ:SNPS) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. The company issued revenue guidance of $830-860 million, compared to the consensus revenue estimate of $831.02 million.Synopsys also updated its FY 2019 guidance to $4.52-4.57 EPS.

Shares of Synopsys stock traded up $1.88 during trading on Wednesday, hitting $131.84. 1,059,190 shares of the stock were exchanged, compared to its average volume of 1,117,929. Synopsys has a 1-year low of $79.14 and a 1-year high of $138.72. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 3.87 and a beta of 1.27. The company has a fifty day moving average price of $133.30 and a 200-day moving average price of $119.17. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Synopsys had a net margin of 18.74% and a return on equity of 16.88%. The business had revenue of $836.20 million for the quarter, compared to analyst estimates of $829.41 million. During the same quarter in the prior year, the business earned $1.08 EPS. Synopsys’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Synopsys will post 3.03 EPS for the current fiscal year.



SNPS has been the topic of a number of research reports. Wells Fargo & Co initiated coverage on shares of Synopsys in a research note on Tuesday, May 14th. They issued an outperform rating and a $135.00 price target on the stock. Bank of America reiterated an average rating on shares of Synopsys in a research note on Wednesday, June 5th. KeyCorp upped their price target on shares of Synopsys from $135.00 to $152.00 and gave the company an overweight rating in a research note on Friday, July 12th. Zacks Investment Research lowered shares of Synopsys from a hold rating to a sell rating and set a $143.00 price target on the stock. in a research note on Wednesday, July 24th. Finally, BidaskClub lowered shares of Synopsys from a buy rating to a hold rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six 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 price target of $128.00.

In other Synopsys news, Chairman Geus Aart De sold 156,100 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $117.15, for a total transaction of $18,287,115.00. Following the transaction, the chairman now owns 189,894 shares in the company, valued at approximately $22,246,082.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roy Vallee sold 11,243 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $129.21, for a total transaction of $1,452,708.03. Following the transaction, the director now owns 52,641 shares in the company, valued at approximately $6,801,743.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,180 shares of company stock worth $24,653,559. 1.84% of the stock is owned by company insiders.

About Synopsys

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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