Wall Street brokerages expect that Autodesk, Inc. (NASDAQ:ADSK) will report sales of $740.97 million for the current quarter, Zacks reports. Nine analysts have made estimates for Autodesk’s earnings, with the highest sales estimate coming in at $746.10 million and the lowest estimate coming in at $737.69 million. Autodesk reported sales of $559.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.3%. The company is expected to report its next earnings results on Thursday, May 23rd.
On average, analysts expect that Autodesk will report full year sales of $3.29 billion for the current year, with estimates ranging from $3.27 billion to $3.33 billion. For the next financial year, analysts forecast that the company will report sales of $3.97 billion, with estimates ranging from $3.71 billion to $4.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, February 28th. The software company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $707.09 million. During the same period in the prior year, the business earned ($0.09) EPS.
Shares of NASDAQ ADSK traded up $0.03 during mid-day trading on Friday, reaching $171.91. 92,618 shares of the company’s stock traded hands, compared to its average volume of 1,987,439. The stock has a market capitalization of $37.73 billion, a P/E ratio of 1,562.45, a P/E/G ratio of 2.53 and a beta of 1.92. Autodesk has a 1-year low of $117.72 and a 1-year high of $172.11.
In other Autodesk news, insider Andrew Anagnost sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $153.21, for a total transaction of $1,599,512.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 16,838 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total transaction of $2,840,233.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,227 shares of company stock worth $10,573,716. Insiders own 0.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSK. Vanguard Group Inc raised its position in shares of Autodesk by 0.6% during the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after buying an additional 128,028 shares during the last quarter. BlackRock Inc. raised its position in shares of Autodesk by 0.8% during the fourth quarter. BlackRock Inc. now owns 17,305,793 shares of the software company’s stock valued at $2,225,700,000 after buying an additional 132,973 shares during the last quarter. Capital Research Global Investors raised its position in shares of Autodesk by 3.0% during the third quarter. Capital Research Global Investors now owns 6,673,349 shares of the software company’s stock valued at $1,041,777,000 after buying an additional 195,972 shares during the last quarter. Capital World Investors raised its position in shares of Autodesk by 214.7% during the third quarter. Capital World Investors now owns 5,079,079 shares of the software company’s stock valued at $792,895,000 after buying an additional 3,465,109 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Autodesk by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock valued at $368,471,000 after buying an additional 214,397 shares during the last quarter. Institutional investors own 95.38% 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; 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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