Synopsys (NASDAQ:SNPS) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.18-5.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.07. The company issued revenue guidance of $3.6-3.65 billion, compared to the consensus revenue estimate of $3.62 billion.Synopsys also updated its FY20 guidance to $5.18-5.25 EPS.
Synopsys stock opened at $134.21 on Friday. Synopsys has a 1 year low of $79.14 and a 1 year high of $146.66. The firm’s 50-day moving average is $137.18 and its 200-day moving average is $133.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market cap of $20.17 billion, a P/E ratio of 47.59, a PEG ratio of 3.46 and a beta of 1.20.
Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share for the quarter, topping the 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 firm had revenue of $851.10 million for the quarter, compared to analyst estimates of $847.34 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. Synopsys’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts predict that Synopsys will post 3.15 earnings per share for the current year.
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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