Mentor Graphics Corp. (NASDAQ:MENT) – DA Davidson issued their Q2 2019 earnings estimates for shares of Mentor Graphics Corp. in a research note issued on Monday. DA Davidson analyst T. Diffely anticipates that the firm will post earnings of $0.05 per share for the quarter. DA Davidson currently has a “Buy” rating and a $32.00 target price on the stock.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a net margin of 5.85% and a return on equity of 6.15%. The firm earned $254.34 million during the quarter, compared to analyst estimates of $245.17 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Mentor Graphics Corp.’s quarterly revenue was down 9.5% on a year-over-year basis.
Several other equities research analysts have also commented on MENT. Pacific Crest restated a “hold” rating on shares of Mentor Graphics Corp. in a research report on Thursday, August 18th. 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. KeyCorp restated a “hold” rating on shares of Mentor Graphics Corp. in a research report on Tuesday, August 16th. Finally, TheStreet upgraded shares of Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.33.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded down 1.43% during midday trading on Wednesday, hitting $27.52. 1,873,251 shares of the company were exchanged. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 47.86 and a beta of 0.86. Mentor Graphics Corp. has a 52-week low of $16.10 and a 52-week high of $28.54. The company has a 50-day moving average price of $24.81 and a 200-day moving average price of $22.03.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were paid 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 was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio (DPR) is presently 40.74%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. purchased a new position in Mentor Graphics Corp. during the first quarter valued at about $522,000. TIAA CREF Investment Management LLC increased 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 during the period. Teachers Advisors Inc. increased 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 during the period. Franklin Resources Inc. increased 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 during the period. Finally, BlackRock Inc. increased 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 during the period. 97.77% of the stock is owned by institutional investors and hedge funds.
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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