ANSYS (NASDAQ:ANSS) Releases Earnings Results, Misses Expectations By $0.54 EPS

ANSYS (NASDAQ:ANSS) released its earnings results on Wednesday. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54), Briefing.com reports. The business had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. ANSYS’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS.

ANSYS Trading Up 1.6 %

ANSS opened at $319.52 on Friday. The business has a fifty day moving average price of $336.00 and a 200 day moving average price of $322.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 4.93 and a beta of 1.16.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of recent analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research report on Friday. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Mizuho lowered their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Barclays boosted their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Finally, StockNews.com assumed coverage on ANSYS in a research report on Wednesday. They set a “hold” rating for the company. Two investment 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, ANSYS currently has an average rating of “Hold” and a consensus target price of $320.00.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

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.