ANSYS (ANSS) Releases FY18 Earnings Guidance
ANSYS (NASDAQ:ANSS) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.87-5.14 for the period, compared to the Thomson Reuters consensus estimate of $4.90. The company issued revenue guidance of $1.21-1.25 billion, compared to the consensus revenue estimate of $1.23 billion.ANSYS also updated its Q3 guidance to $0.93-1.07 EPS.
Several analysts recently commented on the company. Berenberg Bank raised their target price on ANSYS from $190.00 to $200.00 and gave the stock a buy rating in a report on Tuesday. Guggenheim assumed coverage on ANSYS in a report on Tuesday. They set a buy rating on the stock. BidaskClub raised ANSYS from a hold rating to a buy rating in a report on Tuesday. Evercore ISI reaffirmed a hold rating and set a $150.00 target price on shares of ANSYS in a report on Monday. Finally, Royal Bank of Canada raised their target price on ANSYS to $180.00 and gave the stock a market perform rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $155.30.
Shares of ANSS opened at $172.78 on Wednesday. ANSYS has a 12 month low of $119.20 and a 12 month high of $184.95. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 45.24 and a beta of 0.96.
In other news, CEO Ajei Gopal sold 3,711 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $165.30, for a total value of $613,428.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total value of $595,665.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,465 shares of company stock worth $7,801,088. Company insiders own 1.10% of the company’s stock.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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