Autodesk, Inc. (NASDAQ:ADSK) Expected to Post Earnings of $1.25 Per Share

Brokerages expect that Autodesk, Inc. (NASDAQ:ADSK) will announce $1.25 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Autodesk’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.22. Autodesk posted earnings per share of $1.04 in the same quarter last year, which would indicate a positive year over year growth rate of 20.2%. The company is expected to report its next earnings report on Tuesday, November 23rd.

On average, analysts expect that Autodesk will report full year earnings of $4.97 per share for the current fiscal year, with EPS estimates ranging from $4.94 to $5.01. For the next fiscal year, analysts anticipate that the company will post earnings of $7.23 per share, with EPS estimates ranging from $6.99 to $7.95. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 24th. The software company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS.

ADSK has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Autodesk from $334.00 to $324.00 and set an “equal weight” rating for the company in a research note on Thursday, September 2nd. Mizuho reissued a “buy” rating and set a $350.00 price target (down from $370.00) on shares of Autodesk in a research note on Thursday, September 2nd. Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating and set a $324.00 price target for the company in a research note on Wednesday, July 28th. KeyCorp raised their price target on Autodesk from $345.00 to $365.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Finally, Canaccord Genuity raised their price target on Autodesk from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $330.11.

In other news, CAO Stephen W. Hope sold 262 shares of the business’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of $286.46, for a total value of $75,052.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Anagnost sold 2,434 shares of the business’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $286.18, for a total value of $696,562.12. The disclosure for this sale can be found here. In the last three months, insiders sold 32,134 shares of company stock valued at $9,917,059. Insiders own 0.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Parametric Portfolio Associates LLC increased its stake in Autodesk by 6.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 851,072 shares of the software company’s stock worth $248,428,000 after buying an additional 53,850 shares in the last quarter. Sawtooth Solutions LLC increased its stake in Autodesk by 100.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,041 shares of the software company’s stock worth $596,000 after buying an additional 1,024 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its stake in Autodesk by 4.7% during the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 201,897 shares of the software company’s stock worth $59,080,000 after buying an additional 9,038 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Autodesk during the 2nd quarter worth approximately $664,000. Finally, Strategic Wealth Partners Ltd. increased its stake in Autodesk by 5.0% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 1,384 shares of the software company’s stock worth $404,000 after buying an additional 66 shares in the last quarter. 85.14% of the stock is owned by institutional investors.

Shares of NASDAQ:ADSK traded up $3.73 during trading on Friday, hitting $283.08. The company had a trading volume of 18,956 shares, compared to its average volume of 1,310,957. The stock has a market cap of $62.24 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32. Autodesk has a one year low of $215.83 and a one year high of $344.39. The company has a fifty day simple moving average of $310.62 and a two-hundred day simple moving average of $291.84. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.50.

Autodesk Company Profile

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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