Brokerages Expect Autodesk, Inc. (NASDAQ:ADSK) to Announce $1.61 EPS

Wall Street brokerages expect that Autodesk, Inc. (NASDAQ:ADSKGet 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:ADSKGet 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.

A number of research firms have recently issued reports on ADSK. Royal Bank of Canada reduced their target price on Autodesk from $295.00 to $255.00 in a report on Monday, May 23rd. Stifel Europe reduced their target price on Autodesk from $310.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 28th. KeyCorp reduced their target price on Autodesk from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird increased their target price on Autodesk from $255.00 to $260.00 in a report on Friday. Finally, Rosenblatt Securities reduced their target price on Autodesk from $340.00 to $300.00 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, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Buy” and a consensus price target of $263.10.

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.

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