ANSYS (ANSS) Set to Announce Earnings on Wednesday

ANSYS (NASDAQ:ANSS) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect ANSYS to post earnings of $1.93 per share for the quarter.

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

ANSYS Stock Performance

ANSYS stock traded up $0.13 during midday trading on Tuesday, hitting $330.00. 13,345 shares of the company’s stock were exchanged, compared to its average volume of 668,884. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a market cap of $28.81 billion, a price-to-earnings ratio of 57.57, a price-to-earnings-growth ratio of 5.23 and a beta of 1.16. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The firm’s 50 day simple moving average is $336.80 and its 200 day simple moving average is $321.84.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Mizuho cut their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Tuesday, April 23rd. They issued a “hold” rating on the stock. Finally, Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $320.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

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.