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.
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.
Recommended Story: How to Trade Using Analysts Ratings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.