Synopsys (NASDAQ:SNPS) Releases FY 2020 After-Hours Earnings Guidance

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.

A number of analysts have recently weighed in on SNPS shares. Wells Fargo & Co reiterated an outperform rating and set a $160.00 price target (up from $150.00) on shares of Synopsys in a research report on Thursday, August 22nd. BidaskClub lowered Synopsys from a buy rating to a hold rating in a research report on Saturday, October 19th. Credit Suisse Group restated a positive rating and set a $150.00 price objective (up from $125.00) on shares of Synopsys in a research note on Thursday, August 22nd. KeyCorp upped their price objective on Synopsys from $153.00 to $155.00 and gave the stock a buy rating in a research note on Thursday. Finally, ValuEngine lowered Synopsys from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $155.56.

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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Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

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