Synopsys, Inc. (NASDAQ:SNPS) Expected to Announce Earnings of $1.52 Per Share

Equities research analysts expect that Synopsys, Inc. (NASDAQ:SNPS) will announce $1.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Synopsys’ earnings, with estimates ranging from $1.50 to $1.55. Synopsys reported earnings per share of $1.22 during the same quarter last year, which suggests a positive year over year growth rate of 24.6%. The company is scheduled to report its next earnings results on Wednesday, May 19th.

According to Zacks, analysts expect that Synopsys will report full year earnings of $6.29 per share for the current year, with EPS estimates ranging from $6.25 to $6.34. For the next year, analysts expect that the firm will post earnings of $7.12 per share, with EPS estimates ranging from $6.92 to $7.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Synopsys.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, February 17th. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.45. Synopsys had a net margin of 18.03% and a return on equity of 14.81%. The firm had revenue of $970.32 million for the quarter, compared to analysts’ expectations of $952.24 million. During the same quarter last year, the business earned $1.01 earnings per share.

SNPS has been the subject of a number of research analyst reports. Zacks Investment Research lowered Synopsys from a “hold” rating to a “strong sell” rating and set a $224.00 price target for the company. in a research note on Tuesday, February 2nd. KeyCorp lifted their price objective on Synopsys from $315.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Mizuho restated an “average” rating on shares of Synopsys in a research note on Wednesday, December 16th. Wells Fargo & Company boosted their price target on Synopsys from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 10th. Finally, Bank of America cut Synopsys from a “buy” rating to a “neutral” rating in a report on Monday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $279.75.

In other Synopsys news, insider John F. Runkel, Jr. sold 4,236 shares of the stock in a transaction dated Wednesday, March 24th. The stock was sold at an average price of $238.00, for a total value of $1,008,168.00. Following the completion of the sale, the insider now directly owns 21,725 shares in the company, valued at $5,170,550. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Geus Aart De sold 28,311 shares of the stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $241.42, for a total value of $6,834,841.62. Following the completion of the sale, the chief executive officer now owns 93,848 shares of the company’s stock, valued at $22,656,784.16. The disclosure for this sale can be found here. Insiders have sold a total of 92,030 shares of company stock valued at $23,699,496 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNPS. MPS Loria Financial Planners LLC acquired a new stake in Synopsys during the 4th quarter worth approximately $25,000. Liberty Wealth Management LLC raised its stake in shares of Synopsys by 92.3% during the 4th quarter. Liberty Wealth Management LLC now owns 100 shares of the semiconductor company’s stock worth $26,000 after buying an additional 48 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Synopsys in the 4th quarter valued at approximately $28,000. Baillie Gifford & Co. purchased a new position in Synopsys in the 4th quarter valued at approximately $33,000. Finally, Duncker Streett & Co. Inc. purchased a new position in Synopsys in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.11% of the company’s stock.

Shares of Synopsys stock opened at $258.59 on Monday. The company’s 50 day moving average price is $242.16 and its 200-day moving average price is $243.12. Synopsys has a 52-week low of $142.86 and a 52-week high of $300.91. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 5.07 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.10 and a current ratio of 1.19.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that 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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