ANSYS (NASDAQ:ANSS – Get Rating) will be releasing its earnings data after the market closes on Wednesday, August 3rd. Analysts expect ANSYS to post earnings of $1.61 per share for the quarter. ANSYS has set its Q2 guidance at $1.46-1.64 EPS and its FY22 guidance at $7.53-7.94 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
ANSYS (NASDAQ:ANSS – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The software maker reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.32. ANSYS had a return on equity of 12.14% and a net margin of 23.02%. The business had revenue of $428.64 million for the quarter, compared to analyst estimates of $409.26 million. During the same period last year, the firm posted $0.81 earnings per share. ANSYS’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect ANSYS to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
ANSYS Stock Performance
Shares of ANSS stock opened at $278.99 on Monday. The business’s 50-day moving average price is $248.94 and its 200-day moving average price is $283.90. ANSYS has a 12 month low of $225.92 and a 12 month high of $413.89. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 3.52 and a beta of 1.27. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.17.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its stake in ANSYS by 327.8% during the first quarter. Covestor Ltd now owns 154 shares of the software maker’s stock worth $49,000 after acquiring an additional 118 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in ANSYS during the first quarter worth $201,000. Verition Fund Management LLC acquired a new position in ANSYS during the first quarter worth $212,000. Fund Management at Engine No. 1 LLC acquired a new position in ANSYS during the first quarter worth $235,000. Finally, Avalon Investment & Advisory acquired a new position in ANSYS during the first quarter worth $250,000. 89.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ANSS. Royal Bank of Canada cut their price target on ANSYS from $350.00 to $315.00 in a research note on Friday, May 6th. Mizuho cut their price target on ANSYS from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Credit Suisse Group cut their price target on ANSYS from $339.00 to $320.00 and set an “outperform” rating on the stock in a research note on Monday, June 13th. Oppenheimer reissued an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Finally, Rosenblatt Securities cut their price target on ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $288.36.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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