Zacks: Analysts Expect Autodesk, Inc. (NASDAQ:ADSK) Will Post Earnings of $1.33 Per Share

Equities analysts expect Autodesk, Inc. (NASDAQ:ADSK – Get Rating) to report earnings per share (EPS) of $1.33 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Autodesk’s earnings, with the lowest EPS estimate coming in at $1.31 and the highest estimate coming in at $1.35. 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 business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Autodesk will report full year earnings of $6.73 per share for the current financial year, with EPS estimates ranging from $6.64 to $6.77. For the next fiscal year, analysts forecast that the company will post earnings of $8.30 per share, with EPS estimates ranging from $7.79 to $9.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Autodesk.

Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The software company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Autodesk had a return on equity of 55.95% and a net margin of 11.33%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $0.80 EPS. The business’s revenue was up 16.6% compared to the same quarter last year.

A number of research firms have recently weighed in on ADSK. Barclays lowered their price objective on Autodesk from $289.00 to $275.00 in a research report on Friday, February 25th. TheStreet cut Autodesk from a “b-” rating to a “c+” rating in a research report on Tuesday, March 8th. StockNews.com raised Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Citigroup decreased their price objective on Autodesk from $305.00 to $286.00 and set a “buy” rating for the company in a report on Friday, February 25th. Finally, Stifel Nicolaus decreased their price objective on Autodesk from $310.00 to $285.00 and set a “buy” rating for the company in a report on Friday, February 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Autodesk currently has a consensus rating of “Buy” and an average target price of $292.85.

Shares of NASDAQ:ADSK opened at $193.77 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $42.20 billion, a PE ratio of 86.89 and a beta of 1.44. Autodesk has a 12-month low of $180.19 and a 12-month high of $344.39. The business’s fifty day simple moving average is $203.06 and its 200-day simple moving average is $247.13.

In other Autodesk news, CFO Deborah Clifford sold 1,820 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $212.30, for a total transaction of $386,386.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 1,626 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $212.30, for a total value of $345,199.80. The disclosure for this sale can be found here. Insiders have sold 7,458 shares of company stock worth $1,545,628 over the last 90 days. 0.11% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. New World Advisors LLC purchased a new position in Autodesk in the third quarter valued at $329,000. Moors & Cabot Inc. purchased a new position in Autodesk in the third quarter valued at $210,000. Advisory Services Network LLC increased its holdings in Autodesk by 1.5% in the third quarter. Advisory Services Network LLC now owns 2,964 shares of the software company’s stock valued at $845,000 after buying an additional 45 shares during the last quarter. Ieq Capital LLC increased its holdings in Autodesk by 15.5% in the third quarter. Ieq Capital LLC now owns 5,954 shares of the software company’s stock valued at $1,698,000 after buying an additional 800 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Autodesk by 44.6% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,818 shares of the software company’s stock valued at $1,659,000 after buying an additional 1,795 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

About Autodesk (Get 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 development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

See Also