Mentor Graphics Corp. (NASDAQ:MENT) – Research analysts at DA Davidson issued their Q2 2019 earnings per share estimates for shares of Mentor Graphics Corp. in a report released on Monday. DA Davidson analyst T. Diffely expects that the firm will earn $0.05 per share for the quarter. DA Davidson currently has a “Buy” rating and a $32.00 price target on the stock.

Mentor Graphics Corp. (NASDAQ:MENT) last posted its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The business earned $254.34 million during the quarter, compared to the consensus estimate of $245.17 million. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share.

Several other research firms have also recently weighed in on MENT. Zacks Investment Research cut Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.33.

Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.52% during midday trading on Wednesday, reaching $27.23. 2,052,232 shares of the company traded hands. Mentor Graphics Corp. has a 12-month low of $16.10 and a 12-month high of $28.09. The company has a 50-day moving average price of $24.61 and a 200-day moving average price of $21.95. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 47.36 and a beta of 0.86.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MENT. Ngam Advisors L.P. bought a new position in Mentor Graphics Corp. during the first quarter valued at about $522,000. TIAA CREF Investment Management LLC raised its position in Mentor Graphics Corp. by 19.9% in the first quarter. TIAA CREF Investment Management LLC now owns 880,146 shares of the company’s stock valued at $17,893,000 after buying an additional 146,083 shares in the last quarter. Teachers Advisors Inc. raised its position in Mentor Graphics Corp. by 188.2% in the first quarter. Teachers Advisors Inc. now owns 1,308,224 shares of the company’s stock valued at $26,596,000 after buying an additional 854,362 shares in the last quarter. Franklin Resources Inc. raised its position in Mentor Graphics Corp. by 5.8% in the first quarter. Franklin Resources Inc. now owns 1,311,300 shares of the company’s stock valued at $26,659,000 after buying an additional 71,400 shares in the last quarter. Finally, BlackRock Inc. raised its position in Mentor Graphics Corp. by 3.3% in the first quarter. BlackRock Inc. now owns 96,090 shares of the company’s stock valued at $1,954,000 after buying an additional 3,074 shares in the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a $0.055 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.22 annualized dividend and a yield of 0.81%. Mentor Graphics Corp.’s dividend payout ratio (DPR) is currently 40.74%.

About Mentor Graphics Corp.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.

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