Autodesk (ADSK) Releases FY20 Earnings Guidance

Autodesk (NASDAQ:ADSK) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $2.71-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.85. The company issued revenue guidance of $3.25-3.3 billion, compared to the consensus revenue estimate of $3.29 billion.Autodesk also updated its Q1 guidance to $0.44-0.48 EPS.

Shares of NASDAQ:ADSK traded up $1.17 during midday trading on Friday, hitting $169.20. The company had a trading volume of 1,634,575 shares, compared to its average volume of 1,777,582. Autodesk has a 12-month low of $117.72 and a 12-month high of $174.40. The firm has a market capitalization of $37.15 billion, a price-to-earnings ratio of 1,538.18, a price-to-earnings-growth ratio of 2.52 and a beta of 1.92.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $707.09 million. During the same period last year, the company earned ($0.09) EPS. Research analysts anticipate that Autodesk will post 1.76 earnings per share for the current year.

A number of brokerages recently commented on ADSK. Evercore ISI reaffirmed a buy rating on shares of Autodesk in a report on Thursday. Mizuho began coverage on shares of Autodesk in a report on Thursday, April 11th. They issued a buy rating and a $200.00 price target for the company. KeyCorp assumed coverage on shares of Autodesk in a report on Wednesday, April 10th. They issued an overweight rating and a $196.00 price target for the company. BidaskClub raised shares of Autodesk from a hold rating to a buy rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised shares of Autodesk from a strong sell rating to a hold rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $172.72.

In other news, SVP Fronzo Pascal W. Di sold 6,650 shares of Autodesk stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total transaction of $1,064,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $152.90, for a total transaction of $152,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,227 shares of company stock valued at $10,573,716. 0.14% of the stock is owned by insiders.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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