DA Davidson Weighs in on Mentor Graphics Corp.’s Q1 2019 Earnings (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) – Analysts at DA Davidson issued their Q1 2019 earnings estimates for shares of Mentor Graphics Corp. in a research report issued on Monday. DA Davidson analyst T. Diffely anticipates that the brokerage will post earnings per share of $0.01 for the quarter. DA Davidson has a “Buy” rating and a $32.00 price target on the stock. DA Davidson also issued estimates for Mentor Graphics Corp.’s FY2019 earnings at $1.59 EPS.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $254.34 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS.
Other equities analysts have also issued reports about the stock. TheStreet raised shares of 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. KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Finally, Zacks Investment Research lowered shares of Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.33.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded down 1.43% during midday trading on Thursday, hitting $27.52. 1,873,251 shares of the stock were exchanged. Mentor Graphics Corp. has a 12 month low of $16.10 and a 12 month high of $28.54. The firm has a 50 day moving average of $24.91 and a 200-day moving average of $22.08. The stock has a market cap of $2.98 billion, a P/E ratio of 47.86 and a beta of 0.86.
Institutional investors have recently bought and sold shares of the stock. Parametrica Management Ltd purchased a new position in Mentor Graphics Corp. during the third quarter valued at $548,000. Algert Global LLC raised its position in Mentor Graphics Corp. by 41.3% in the third quarter. Algert Global LLC now owns 47,667 shares of the company’s stock valued at $1,260,000 after buying an additional 13,932 shares during the period. Oregon Public Employees Retirement Fund raised its position in Mentor Graphics Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,238 shares of the company’s stock valued at $905,000 after buying an additional 693 shares during the period. Foundry Partners LLC raised its position in Mentor Graphics Corp. by 5.9% in the third quarter. Foundry Partners LLC now owns 430,555 shares of the company’s stock valued at $11,384,000 after buying an additional 24,147 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Mentor Graphics Corp. by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,361 shares of the company’s stock valued at $369,000 after buying an additional 133 shares during the period. 97.77% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio (DPR) is 40.74%.
Mentor Graphics Corp. Company Profile
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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