ANSYS (ANSS) Issues FY18 Earnings Guidance

ANSYS (NASDAQ:ANSS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.25-5.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.03. The company issued revenue guidance of $1237.0-1257.0 billion, compared to the consensus revenue estimate of $1.23 billion.ANSYS also updated its Q4 guidance to $1.39-1.55 EPS.

NASDAQ ANSS traded up $8.99 during midday trading on Thursday, hitting $168.79. 30,727 shares of the company traded hands, compared to its average volume of 852,388. The stock has a market capitalization of $12.89 billion, a PE ratio of 46.63 and a beta of 1.29. ANSYS has a 52 week low of $140.78 and a 52 week high of $190.45.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.19. The business had revenue of $293.00 million for the quarter, compared to analysts’ expectations of $286.57 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. As a group, analysts forecast that ANSYS will post 4.54 EPS for the current year.

A number of analysts have recently weighed in on ANSS shares. ValuEngine raised ANSYS from a hold rating to a buy rating in a research report on Friday, November 2nd. Royal Bank of Canada raised their price objective on ANSYS to $180.00 and gave the stock a market perform rating in a research report on Monday, August 6th. Citigroup reissued an overweight rating on shares of ANSYS in a research report on Tuesday, August 14th. William Blair started coverage on ANSYS in a research report on Tuesday, October 9th. They issued a market perform rating for the company. Finally, Benchmark raised ANSYS from a hold rating to a buy rating and set a $187.00 price objective for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $176.09.

In other ANSYS news, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $152.26, for a total transaction of $532,910.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Vaughn Scherer sold 2,454 shares of ANSYS stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $187.99, for a total value of $461,327.46. The disclosure for this sale can be found here. Insiders sold a total of 49,350 shares of company stock valued at $8,631,756 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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