Analysts Anticipate Synopsys, Inc. (SNPS) to Announce $1.00 Earnings Per Share

Wall Street brokerages forecast that Synopsys, Inc. (NASDAQ:SNPS) will report earnings of $1.00 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Synopsys’ earnings. The lowest EPS estimate is $0.98 and the highest is $1.01. Synopsys posted earnings per share of $0.94 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is expected to report its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that Synopsys will report full-year earnings of $3.51 per share for the current year, with EPS estimates ranging from $3.49 to $3.53. For the next year, analysts anticipate that the business will post earnings of $3.95 per share, with EPS estimates ranging from $3.76 to $4.08. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Synopsys.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.12. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The firm had revenue of $696.60 million during the quarter, compared to the consensus estimate of $650.72 million. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis.

Several research firms recently weighed in on SNPS. BidaskClub downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. J P Morgan Chase & Co downgraded shares of Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target for the company. in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Needham & Company LLC boosted their price target on shares of Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet downgraded shares of Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Synopsys currently has a consensus rating of “Hold” and a consensus target price of $96.89.

Shares of Synopsys (SNPS) opened at $87.92 on Tuesday. Synopsys has a 1-year low of $58.74 and a 1-year high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $13,065.99, a P/E ratio of 72.02, a P/E/G ratio of 4.29 and a beta of 1.01.

In other news, Director Chrysostomos L. Nikias sold 21,074 shares of Synopsys stock in a transaction on Friday, December 1st. The shares were sold at an average price of $89.78, for a total transaction of $1,892,023.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,824 shares of company stock valued at $2,680,349. Insiders own 1.82% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SNPS. IFP Advisors Inc lifted its position in shares of Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 415 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Synopsys by 2.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 749,345 shares of the semiconductor company’s stock worth $54,650,000 after purchasing an additional 18,962 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Synopsys during the 2nd quarter worth $396,000. State of Wisconsin Investment Board lifted its position in shares of Synopsys by 18.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 167,115 shares of the semiconductor company’s stock worth $12,188,000 after purchasing an additional 26,098 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Synopsys by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,767 shares of the semiconductor company’s stock worth $494,000 after purchasing an additional 18 shares during the last quarter. 89.70% of the stock is owned by institutional investors and hedge funds.

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About Synopsys

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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