ANSYS (ANSS) Set to Announce Quarterly Earnings on Wednesday

ANSYS (NASDAQ:ANSS - Get Free Report) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.93 per share for the quarter.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to analysts' expectations of $797.49 million. During the same quarter last year, the company earned $2.61 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. On average, analysts expect ANSYS to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $2.60 during mid-day trading on Wednesday, hitting $328.57. The company had a trading volume of 218,841 shares, compared to its average volume of 689,562. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The business's 50-day simple moving average is $336.80 and its 200-day simple moving average is $321.12. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a market cap of $28.68 billion, a P/E ratio of 57.34, a PEG ratio of 5.09 and a beta of 1.16.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of ANSYS in a research note on Tuesday. They set a "hold" rating for the company. Wolfe Research restated a "peer perform" rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays raised their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a research note on Thursday, February 22nd. Rosenblatt Securities restated a "neutral" rating and set a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Finally, Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $323.86.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares of the company's stock, valued at $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company's stock.

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.