ANSYS (ANSS) Issues Q1 Earnings Guidance
ANSYS (NASDAQ:ANSS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.90-1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96. The company issued revenue guidance of $261-$281 million, compared to the consensus revenue estimate of $273.93 million.ANSYS also updated its FY18 guidance to $4.41-5.04 EPS.
Shares of ANSYS (NASDAQ:ANSS) traded down $4.27 on Thursday, reaching $163.54. 731,800 shares of the company’s stock were exchanged, compared to its average volume of 507,839. ANSYS has a twelve month low of $101.08 and a twelve month high of $169.45. The stock has a market cap of $14,240.44, a price-to-earnings ratio of 51.43 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The business had revenue of $302.34 million during the quarter, compared to analyst estimates of $290.66 million. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was up 11.7% on a year-over-year basis. sell-side analysts expect that ANSYS will post 3.58 earnings per share for the current fiscal year.
In related news, CFO Maria T. Shields sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total value of $4,063,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard S. Mahoney sold 2,039 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $162.01, for a total value of $330,338.39. The disclosure for this sale can be found here. Insiders have sold a total of 40,566 shares of company stock valued at $5,303,960 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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