Analysts Expect Synopsys, Inc. (SNPS) Will Post Earnings of $1.08 Per Share

Equities analysts forecast that Synopsys, Inc. (NASDAQ:SNPS) will announce $1.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Synopsys’ earnings. The lowest EPS estimate is $1.07 and the highest is $1.09. Synopsys posted earnings per share of $0.88 in the same quarter last year, which indicates a positive year-over-year growth rate of 22.7%. The company is expected to announce its next earnings report on Wednesday, May 16th.

On average, analysts expect that Synopsys will report full year earnings of $3.72 per share for the current year, with EPS estimates ranging from $3.71 to $3.73. For the next fiscal year, analysts expect that the firm will report earnings of $4.10 per share, with EPS estimates ranging from $3.97 to $4.23. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Synopsys.

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Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.10. The firm had revenue of $769.40 million for the quarter, compared to analysts’ expectations of $750.43 million. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share.

SNPS has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. JPMorgan Chase reissued an “underweight” rating on shares of Synopsys in a research report on Thursday, December 7th. BidaskClub lowered shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. KeyCorp reissued an “overweight” rating and issued a $110.00 price target (up previously from $106.00) on shares of Synopsys in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Synopsys in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $97.33.

SNPS opened at $83.24 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $12,379.87, a price-to-earnings ratio of 94.59, a P/E/G ratio of 5.36 and a beta of 1.09. Synopsys has a twelve month low of $70.55 and a twelve month high of $94.80.

In related news, CEO Chi-Foon Chan sold 778 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $90.06, for a total transaction of $70,066.68. Following the sale, the chief executive officer now owns 210,131 shares of the company’s stock, valued at approximately $18,924,397.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $87.00, for a total transaction of $870,000.00. Following the sale, the general counsel now directly owns 23,052 shares in the company, valued at approximately $2,005,524. The disclosure for this sale can be found here. Insiders have sold a total of 50,318 shares of company stock worth $4,338,754 in the last ninety days. 1.84% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of SNPS. First Trust Advisors LP increased its holdings in Synopsys by 426.3% during the 4th quarter. First Trust Advisors LP now owns 1,038,634 shares of the semiconductor company’s stock worth $88,533,000 after acquiring an additional 841,300 shares during the period. BlackRock Inc. increased its holdings in shares of Synopsys by 5.5% in the 4th quarter. BlackRock Inc. now owns 12,640,021 shares of the semiconductor company’s stock worth $1,077,434,000 after buying an additional 658,966 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Synopsys by 37.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,853,499 shares of the semiconductor company’s stock worth $157,992,000 after buying an additional 505,334 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Synopsys in the 4th quarter worth $27,325,000. Finally, Carillon Tower Advisers Inc. bought a new position in shares of Synopsys in the 4th quarter worth $26,785,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

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