ANSYS (ANSS) Scheduled to Post Quarterly Earnings on Wednesday

ANSYS (NASDAQ:ANSS) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.93 per share for the quarter.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The company had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. On average, analysts expect ANSYS to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ANSYS Stock Up 0.0 %

ANSYS stock traded up $0.13 during trading hours on Tuesday, reaching $330.00. The stock had a trading volume of 13,345 shares, compared to its average volume of 668,884. The company has a market cap of $28.81 billion, a price-to-earnings ratio of 57.57, a PEG ratio of 5.23 and a beta of 1.16. The business’s 50 day moving average price is $336.80 and its 200-day moving average price is $321.84. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several recent analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com initiated coverage on ANSYS in a research report on Tuesday, April 23rd. They issued a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Finally, Barclays increased their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average price target of $320.00.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.