Analysts expect Autodesk, Inc. (NASDAQ:ADSK) to post sales of $732.87 million for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Autodesk’s earnings, with estimates ranging from $650.16 million to $747.60 million. Autodesk posted sales of $559.90 million in the same quarter last year, which suggests a positive year over year growth rate of 30.9%. The business is expected to issue its next earnings results on Thursday, May 23rd.
On average, analysts expect that Autodesk will report full-year sales of $3.28 billion for the current year, with estimates ranging from $3.22 billion to $3.32 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.93 billion, with estimates ranging from $3.71 billion to $4.07 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 28th. The software company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. During the same quarter last year, the firm posted ($0.09) EPS.
A number of research firms have weighed in on ADSK. Argus raised shares of Autodesk to a “buy” rating in a report on Wednesday, March 6th. BidaskClub cut shares of Autodesk from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Wedbush raised their price objective on shares of Autodesk from $131.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. TheStreet raised shares of Autodesk from a “d” rating to a “c” rating in a report on Thursday, February 28th. Finally, UBS Group raised their price objective on shares of Autodesk to $91.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $169.45.
In related news, insider Andrew Anagnost sold 10,440 shares of Autodesk stock in a transaction on Friday, March 15th. The shares were sold at an average price of $153.21, for a total value of $1,599,512.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $152.90, for a total transaction of $152,900.00. The disclosure for this sale can be found here. Insiders sold a total of 26,929 shares of company stock worth $4,274,847 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.
A number of large investors have recently bought and sold shares of ADSK. Sontag Advisory LLC purchased a new position in Autodesk in the 4th quarter valued at $25,000. Clean Yield Group purchased a new position in Autodesk in the 4th quarter valued at $30,000. Berman Capital Advisors LLC purchased a new position in Autodesk in the 4th quarter valued at $30,000. Lindbrook Capital LLC purchased a new position in Autodesk in the 4th quarter valued at $32,000. Finally, JOYN Advisors Inc. grew its position in Autodesk by 112.9% in the 4th quarter. JOYN Advisors Inc. now owns 247 shares of the software company’s stock valued at $32,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.
ADSK stock traded down $0.79 during midday trading on Wednesday, reaching $154.31. 1,228,688 shares of the company were exchanged, compared to its average volume of 1,831,193. Autodesk has a 1-year low of $117.72 and a 1-year high of $169.05. The stock has a market cap of $33.96 billion, a P/E ratio of 1,402.82, a PEG ratio of 2.26 and a beta of 1.94.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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