ANSYS (ANSS) to Release Quarterly Earnings on Wednesday

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

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $325.97 on Wednesday. ANSYS has a one year low of $258.01 and a one year 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. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 5.14 and a beta of 1.16. The firm has a 50 day simple moving average of $336.83 and a 200 day simple moving average of $321.07.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANSS shares. Mizuho dropped 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. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com assumed coverage on ANSYS in a report on Tuesday. They set a “hold” rating on the stock. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $323.86.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,049 shares of the company’s stock, 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. Corporate insiders own 0.53% of the company’s stock.

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.