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

ANSYS (NASDAQ:ANSS) announced its earnings results on Wednesday. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54), Briefing.com reports. ANSYS had a net margin of 19.51% and a return on equity of 10.61%. The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year.

ANSYS Price Performance

Shares of NASDAQ ANSS traded up $4.99 during mid-day trading on Friday, reaching $319.52. The company had a trading volume of 578,960 shares, compared to its average volume of 675,745. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 5.04 and a beta of 1.16. The business’s 50-day simple moving average is $336.00 and its 200 day simple moving average is $322.00. ANSYS has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction dated Monday, April 8th. The stock was 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 legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANSS shares. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price 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. StockNews.com initiated coverage on shares of ANSYS in a report on Wednesday. They issued a “hold” rating for the company. Finally, Mizuho dropped their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Two 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. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $320.00.

About ANSYS

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.