Wall Street brokerages expect that Autodesk, Inc. (NASDAQ:ADSK – Get Rating) will announce earnings per share of $1.61 for the current quarter, Zacks reports. Two analysts have issued estimates for Autodesk’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.56. Autodesk posted earnings per share of $1.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.1%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Autodesk will report full-year earnings of $6.68 per share for the current year, with EPS estimates ranging from $6.40 to $6.77. For the next fiscal year, analysts anticipate that the company will post earnings of $8.24 per share, with EPS estimates ranging from $7.63 to $9.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The software company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Autodesk had a return on equity of 61.41% and a net margin of 10.67%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS.
In other news, CFO Deborah Clifford sold 1,820 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $212.30, for a total value of $386,386.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 1,626 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were 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. Over the last 90 days, insiders have sold 7,458 shares of company stock worth $1,545,628. Corporate insiders own 0.11% of the company’s stock.
Large investors have recently modified their holdings of the company. Curi Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Gradient Investments LLC grew its position in Autodesk by 68.4% during the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company’s stock worth $27,000 after buying an additional 39 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in Autodesk during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in Autodesk during the fourth quarter worth about $28,000. Finally, Hanson & Doremus Investment Management grew its position in Autodesk by 1,136.4% during the first quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock worth $29,000 after buying an additional 125 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.
ADSK opened at $211.38 on Friday. The firm has a market cap of $46.03 billion, a PE ratio of 96.08 and a beta of 1.44. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $198.77 and a 200-day simple moving average of $233.89. Autodesk has a fifty-two week low of $173.90 and a fifty-two week high of $344.39.
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.
- Get a free copy of the StockNews.com research report on Autodesk (ADSK)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.