Autodesk (NASDAQ:ADSK) Updates Q4 Earnings Guidance

Autodesk (NASDAQ:ADSKGet Free Report) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $2.10-2.16 for the period, compared to the consensus EPS estimate of $2.12. The company issued revenue guidance of $1.623-1.638 billion, compared to the consensus revenue estimate of $1.62 billion.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday. Rosenblatt Securities raised their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho set a $260.00 target price on shares of Autodesk in a research note on Friday, October 18th. Finally, Stifel Nicolaus increased their price target on shares of Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $309.43.

Read Our Latest Research Report on Autodesk

Autodesk Stock Performance

ADSK stock traded down $1.43 during midday trading on Tuesday, reaching $317.96. 2,484,855 shares of the company’s stock traded hands, compared to its average volume of 1,582,789. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a market cap of $68.36 billion, a P/E ratio of 64.98, a PEG ratio of 4.10 and a beta of 1.47. The stock’s 50-day moving average is $287.47 and its 200 day moving average is $255.89.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Autodesk will post 5.73 EPS for the current year.

Insider Activity at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 50.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by company insiders.

Autodesk Company Profile

(Get Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; 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

Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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