Analysts forecast that Autodesk, Inc. (NASDAQ:ADSK) will report $0.42 earnings per share for the current quarter, according to Zacks. Ten analysts have issued estimates for Autodesk’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.39. Autodesk posted earnings per share of ($0.09) in the same quarter last year, which suggests a positive year-over-year growth rate of 566.7%. The business is expected to issue its next quarterly earnings report on Tuesday, March 5th.
On average, analysts expect that Autodesk will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.01. For the next year, analysts expect that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $1.88 to $3.42. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 20th. The software company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $641.07 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 13.37%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS.
Several brokerages recently commented on ADSK. Wedbush dropped their price objective on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a research note on Thursday, December 27th. Stifel Nicolaus began coverage on Autodesk in a research note on Tuesday, December 18th. They set a “buy” rating and a $163.00 price objective on the stock. JPMorgan Chase & Co. cut Autodesk from an “overweight” rating to a “neutral” rating and set a $137.79 target price for the company. in a report on Thursday, December 13th. Argus upgraded Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, November 23rd. Finally, Oppenheimer lowered their target price on Autodesk from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. Autodesk has a consensus rating of “Buy” and an average target price of $158.19.
Autodesk stock traded up $6.43 during mid-day trading on Tuesday, hitting $128.28. 2,475,939 shares of the company’s stock were exchanged, compared to its average volume of 2,184,467. The company has a market capitalization of $28.17 billion, a PE ratio of -80.18, a PEG ratio of 38.56 and a beta of 1.84. Autodesk has a fifty-two week low of $101.55 and a fifty-two week high of $159.94.
In other news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $136.36, for a total value of $136,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA lifted its stake in Autodesk by 1,548.5% in the 3rd quarter. Federated Investors Inc. PA now owns 32,871 shares of the software company’s stock valued at $5,131,000 after purchasing an additional 30,877 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Autodesk by 55.3% in the 3rd quarter. Marshall Wace North America L.P. now owns 616,763 shares of the software company’s stock valued at $96,283,000 after purchasing an additional 219,652 shares during the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $1,210,000. Belpointe Asset Management LLC acquired a new stake in Autodesk during the third quarter worth approximately $132,000. Finally, Vanguard Group Inc lifted its position in Autodesk by 0.6% during the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock worth $3,565,439,000 after acquiring an additional 128,028 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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