Mentor Graphics (NASDAQ:MENT) Quarterly Profit Beats Wall Street Forecasts – MENT, SNPS, CDNS, PDFS

The Wilsonville, Oregon-based Mentor Graphics Corp (NASDAQ:MENT) announced a quarterly profit on Friday evaluated against a loss previous year, showing higher operating margins amid continued expense control and revenue expansion.

PCB design software provider posted net income of $61.75 million or $0.49 a share for fiscal Q4, evaluated against $57.82 million or $0.52 a share in similar period previous year.

Adjusted net income of the electronic design automation systems supplier was $66.25 million or $0.58 a share, evaluated against $64.70 million or $0.58 a share in same period previous year.

Thomson Reuters’ 6 analysts’ survey on average forecasted to report earnings of $0.55 a share for the Q4.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Synopsys, Inc. (NASDAQ:SNPS) fell -0.88% to settle at $34.72, Cadence Design Systems Inc (NASDAQ:CDNS) moved down -1.55% to end at $13.94 while PDF Solutions, Inc. (NASDAQ:PDFS) jumped +0.97% to finish at $15.69 on Friday.

Mentor Graphics Corp (NASDAQ:MENT) last session’s volume of 4.97 million shares was surprisingly higher than its average volume of 938,789 shares. The stock after opening at $14.98 hit high price of $16.85 and then closed at $16.80 by scoring -5.14%.

The liquidity measure in recent quarter results of the company was recorded 1.85 as current ratio and on the other side the debt to equity ratio was 0.23 and long-term debt to equity ratio remained at 0.22. The Company had total cash of $223.78 million at hand and a book value per share as $9.18 in the most recent quarter.

The stock’s price volatility was 7.95% for a week and 3.12% for a month as well as price volatility’s Average True Range for 14 days was 0.65 and its beta remained at 1.27.

MENT generated revenue of $1.08 billion in the previous twelve months and earned $134.81 million. The Company showed a positive 12.48% in the net profit margin as well as in its operating margin which remained at 14.50%. Company’s annual sales growth for the past five years was 4.79%.

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