ANSYS (NASDAQ:ANSS) Releases Q3 Earnings Guidance

ANSYS (NASDAQ:ANSS) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.15-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of $320-340 million, compared to the consensus revenue estimate of $333.26 million.ANSYS also updated its FY 2019 guidance to $5.98-6.28 EPS.

A number of analysts have recently weighed in on the stock. Evercore ISI restated a hold rating and issued a $160.00 price objective on shares of ANSYS in a research note on Tuesday. BidaskClub lowered shares of ANSYS from a buy rating to a hold rating in a report on Tuesday, July 30th. Benchmark reaffirmed a buy rating and issued a $210.00 target price (up previously from $203.00) on shares of ANSYS in a report on Friday, May 3rd. Citigroup started coverage on shares of ANSYS in a report on Monday, July 22nd. They issued a buy rating and a $250.00 target price on the stock. Finally, Zacks Investment Research raised shares of ANSYS from a hold rating to a buy rating and set a $215.00 target price on the stock in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $197.31.

ANSYS stock traded up $7.92 during trading hours on Tuesday, reaching $198.07. 38,484 shares of the company’s stock traded hands, compared to its average volume of 379,367. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $215.39. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 38.06 and a beta of 1.42. The business’s 50 day moving average price is $206.44.

ANSYS (NASDAQ:ANSS) last released its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $370.51 million for the quarter, compared to the consensus estimate of $338.31 million. During the same period in the prior year, the company posted $1.35 EPS. The company’s revenue was up 20.0% compared to the same quarter last year. On average, analysts forecast that ANSYS will post 5.07 EPS for the current fiscal year.

In other news, Director Alec D. Gallimore sold 638 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total value of $118,527.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Mcdermott sold 1,765 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company’s stock.

About ANSYS

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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