Stock analysts expect Autodesk, Inc. (NASDAQ: ADSK – Get a rating) will post earnings per share of $1.33 for the current quarter, according to Zacks. Seven analysts made Autodesk earnings estimates. The highest EPS estimate is $1.35 and the lowest is $1.31. Autodesk reported earnings per share of $1.03 in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.1%. The company is expected to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Autodesk to report annual earnings of $6.73 per share for the current fiscal year, with EPS estimates ranging from $6.64 to $6.77. For the next fiscal year, analysts expect the company to post earnings of $8.30 per share, with EPS estimates ranging from $7.79 to $9.11. Zacks Investment Research earnings per share averages are an average based on a survey of analysts who follow Autodesk.
Autodesk (NASDAQ: ADSK – Get a rating) last announced its results on Thursday, February 24. The software company reported EPS of $0.98 for the quarter, beating the Zacks consensus estimate of $0.91 by $0.07. Autodesk had a net margin of 11.33% and a return on equity of 55.95%. The company posted revenue of $1.21 billion in the quarter, versus a consensus estimate of $1.20 billion. During the same period a year earlier, the company posted earnings per share of $0.80. The company’s revenue increased 16.6% year over year.
A number of brokerages have recently released reports on ADSK. Barclays reduced its price target on Autodesk from $289.00 to $275.00 in a Friday, February 25 research report. Citigroup reduced its price target on Autodesk from $305.00 to $286.00 and set a “buy” rating for the company in a research note on Friday, February 25. Deutsche Bank Aktiengesellschaft lowered its price target on Autodesk from $330.00 to $275.00 and set a “buy” rating for the company in a Friday, February 25 report. Morgan Stanley cut its price target on Autodesk shares from $344.00 to $277.00 and set an “equal weight” rating on the stock in a Wednesday, Feb. 23 report. Finally, Griffin Securities lowered its price target on Autodesk shares from $340.00 to $300.00 and set a “buy” rating for the company in a Friday, Feb. 25 research note. Two analysts rated the stock with a sell rating, two gave the company a hold rating and eighteen gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus buy rating and a consensus price target of $292.85.
In related news, CFO Deborah Clifford sold 3,953 shares of the company in a trade on Wednesday, March 9. The shares were sold at an average price of $202.71, for a total value of $801,312.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, CAO Stephen W. Hope sold 1,626 shares in a trade on Monday, March 28. The stock was sold at an average price of $212.30, for a total transaction of $345,199.80. Disclosure of this sale can be found here. Insiders sold 7,458 shares of the company worth $1,545,628 in the past 90 days. Insiders of the company hold 0.11% of the shares of the company.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Curi Wealth Management LLC acquired a new stake in Autodesk in the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its stake in Autodesk to 68.4% in Q4. Gradient Investments LLC now owns 96 shares of the software company valued at $27,000 after acquiring 39 additional shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in Autodesk in Q4 worth $27,000. EverSource Wealth Advisors LLC bought a new stake in Autodesk in Q4 for $28,000. Finally, Equitec Proprietary Markets LLC acquired a new position in Autodesk during the fourth quarter worth $33,000. 88.07% of the shares are held by institutional investors.
NASDAQ: ADSK traded lower from $5.01 in Friday’s midday session, hitting $196.73. 1,197,167 shares of the stock have been traded, compared to its average volume of 1,665,987. The stock has a market capitalization of $42.75 billion, a PE ratio of 88.22 and a beta of 1 .45. Autodesk has a 12-month low of $186.29 and a 12-month high of $344.39. The company has a debt ratio of 2.68, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50-day moving average of $212.72 and a two-hundred-day moving average of $256.59.
Autodesk Company Profile (Get a rating)
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.
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