Analysts expect Synopsys, Inc. (NASDAQ:SNPS) to post $1.08 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Synopsys’ earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.07. Synopsys also posted earnings of $1.08 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 22nd.

On average, analysts expect that Synopsys will report full year earnings of $4.27 per share for the current year, with EPS estimates ranging from $4.24 to $4.30. For the next fiscal year, analysts expect that the business will post earnings of $4.73 per share, with EPS estimates ranging from $4.71 to $4.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Synopsys.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, February 20th. The semiconductor company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.51. The company had revenue of $820.40 million during the quarter, compared to the consensus estimate of $796.30 million. Synopsys had a net margin of 18.59% and a return on equity of 17.23%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share.

SNPS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a report on Monday, February 25th. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, November 20th. They set a “buy” rating and a $119.00 price objective for the company. BidaskClub upgraded shares of Synopsys from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Benchmark upgraded shares of Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Thursday, December 6th. Finally, Needham & Company LLC raised their price objective on shares of Synopsys from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Synopsys currently has an average rating of “Buy” and a consensus price target of $112.63.

Shares of SNPS stock opened at $108.00 on Tuesday. The stock has a market capitalization of $16.11 billion, a PE ratio of 38.30, a PEG ratio of 3.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.82. Synopsys has a one year low of $79.14 and a one year high of $108.33.

In other Synopsys news, CEO Chi-Foon Chan sold 85,105 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $102.20, for a total transaction of $8,697,731.00. Following the completion of the transaction, the chief executive officer now owns 294,218 shares in the company, valued at $30,069,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sudhindra Kankanwadi sold 2,085 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $102.71, for a total transaction of $214,150.35. Following the transaction, the vice president now owns 10,387 shares of the company’s stock, valued at approximately $1,066,848.77. The disclosure for this sale can be found here. Insiders have sold 127,190 shares of company stock valued at $13,005,568 in the last 90 days. 1.84% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Executive Wealth Management LLC bought a new position in Synopsys during the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new position in Synopsys during the fourth quarter worth about $29,000. Legacy Financial Advisors Inc. boosted its position in Synopsys by 4,987.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 407 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 399 shares during the period. Riverview Trust Co bought a new position in Synopsys during the fourth quarter worth about $35,000. Finally, Lindbrook Capital LLC bought a new position in Synopsys during the fourth quarter worth about $61,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

Recommended Story: Bollinger Bands

Get a free copy of the Zacks research report on Synopsys (SNPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.