Autodesk (ADSK) Expected to Announce Earnings on Thursday

Autodesk (NASDAQ:ADSK) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $2.13 per share and revenue of $1.63 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Autodesk (NASDAQ:ADSK) 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. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Autodesk Trading Up 0.1 %

Autodesk stock opened at $285.26 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a 50 day moving average of $297.86 and a 200 day moving average of $286.32. The firm has a market capitalization of $61.33 billion, a price-to-earnings ratio of 56.60, a P/E/G ratio of 2.94 and a beta of 1.43.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADSK. Wells Fargo & Company upped their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Robert W. Baird raised their price target on Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Citigroup raised their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Scotiabank started coverage on Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target on the stock. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $334.45.

About Autodesk

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.