Synopsys (SNPS) Issues FY 2019 Earnings Guidance

Synopsys (NASDAQ:SNPS) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.20-4.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.90. The company issued revenue guidance of $3.29-3.34 billion, compared to the consensus revenue estimate of $3.12 billion.Synopsys also updated its Q1 2019 guidance to $0.95-1.00 EPS.

Shares of SNPS stock traded up $0.70 during trading hours on Thursday, hitting $90.15. 530,316 shares of the company’s stock were exchanged, compared to its average volume of 1,271,416. The company has a market capitalization of $13.29 billion, a PE ratio of 102.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.29. Synopsys has a 12-month low of $80.13 and a 12-month high of $103.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.70 and a current ratio of 0.70.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, December 5th. The semiconductor company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.41 by $0.37. Synopsys had a net margin of 1.92% and a return on equity of 5.52%. The firm had revenue of $795.08 million for the quarter, compared to the consensus estimate of $794.55 million. On average, research analysts predict that Synopsys will post 1.57 EPS for the current year.

Several research analysts have recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Synopsys from $105.00 to $115.00 and gave the stock a buy rating in a report on Thursday. Benchmark upgraded shares of Synopsys from a hold rating to a buy rating and set a $110.00 target price on the stock in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Synopsys to $98.00 and gave the stock an underweight rating in a report on Thursday, August 23rd. BidaskClub cut shares of Synopsys from a hold rating to a sell rating in a report on Tuesday, October 9th. Finally, DA Davidson lifted their price target on shares of Synopsys to $110.00 and gave the company a buy rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Synopsys presently has an average rating of Buy and an average price target of $108.50.

TRADEMARK VIOLATION WARNING: “Synopsys (SNPS) Issues FY 2019 Earnings Guidance” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at

About Synopsys

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

Recommended Story: How is a Moving Average Calculated?

Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with's FREE daily email newsletter.

Leave a Reply