Synopsys (SNPS) to Release Earnings on Tuesday

Synopsys (NASDAQ:SNPS) is set to release its earnings data after the market closes on Tuesday, February 13th. Analysts expect Synopsys to post earnings of $0.96 per share for the quarter. Synopsys has set its Q1 guidance at $0.98-1.02 EPS.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect Synopsys to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Synopsys (NASDAQ:SNPS) opened at $87.62 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. Synopsys has a 52 week low of $64.53 and a 52 week high of $94.80. The company has a market capitalization of $13,408.03, a price-to-earnings ratio of 103.08, a P/E/G ratio of 4.02 and a beta of 1.04.

A number of brokerages recently commented on SNPS. BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson reaffirmed a “buy” rating and set a $105.00 price objective (up from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Needham & Company LLC lifted their price objective on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $106.00 price objective (up from $86.00) on shares of Synopsys in a research note on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Synopsys currently has a consensus rating of “Hold” and a consensus price target of $96.89.

In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,442 shares of company stock worth $5,779,693. Corporate insiders own 1.82% of the company’s stock.

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Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

Earnings History for Synopsys (NASDAQ:SNPS)

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