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.
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.
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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