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.
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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.
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