ANSYS (NASDAQ:ANSS) Issues Earnings Results, Misses Estimates By $0.54 EPS

ANSYS (NASDAQ:ANSS) announced its quarterly earnings results on Wednesday. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54), Briefing.com reports. The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share.

ANSYS Trading Down 2.6 %

ANSS traded down $8.20 during trading on Thursday, hitting $313.28. 296,325 shares of the stock were exchanged, compared to its average volume of 666,188. The firm has a 50 day simple moving average of $336.51 and a 200 day simple moving average of $322.06. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 54.80, a P/E/G ratio of 5.09 and a beta of 1.16. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

Analysts Set New Price Targets

ANSS has been the subject of several analyst reports. Barclays raised their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. StockNews.com began coverage on ANSYS in a report on Wednesday. They issued a “hold” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report 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 report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, ANSYS currently has an average rating of “Hold” and an average target price of $320.00.

Insiders Place Their Bets

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

About ANSYS

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.