Zacks: Brokerages Expect Autodesk, Inc. (NASDAQ:ADSK) to Announce $0.62 Earnings Per Share

Equities analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will announce $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Autodesk’s earnings, with estimates ranging from $0.60 to $0.69. Autodesk posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 226.3%. The company is scheduled to announce its next earnings results on Thursday, August 22nd.

According to Zacks, analysts expect that Autodesk will report full-year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.92. For the next year, analysts expect that the business will post earnings of $4.59 per share, with EPS estimates ranging from $3.25 to $5.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Autodesk.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 23rd. The software company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Autodesk had a negative net margin of 0.82% and a negative return on equity of 26.61%. The business had revenue of $735.50 million during the quarter, compared to analysts’ expectations of $740.14 million. During the same period last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis.

ADSK has been the topic of several recent analyst reports. TheStreet raised shares of Autodesk from a “d” rating to a “c” rating in a research note on Thursday, February 28th. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Argus upped their price objective on shares of Autodesk to $184.00 and gave the company an “average” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Autodesk from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Deutsche Bank upped their price objective on shares of Autodesk to $180.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $172.31.

In other news, SVP Fronzo Pascal W. Di sold 11,437 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $166.86, for a total value of $1,908,377.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Steven M. Blum sold 16,838 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 40,598 shares of company stock worth $6,673,861 over the last quarter. 0.12% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of ADSK. Sontag Advisory LLC bought a new position in shares of Autodesk in the 4th quarter worth about $25,000. First Manhattan Co. lifted its position in shares of Autodesk by 221.2% in the 1st quarter. First Manhattan Co. now owns 167 shares of the software company’s stock worth $26,000 after buying an additional 115 shares during the last quarter. Berman Capital Advisors LLC acquired a new stake in shares of Autodesk in the 4th quarter worth about $30,000. Liberty Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter worth about $30,000. Finally, Lindbrook Capital LLC acquired a new stake in shares of Autodesk in the 4th quarter worth about $32,000. Institutional investors own 92.96% of the company’s stock.

Shares of NASDAQ ADSK traded down $0.12 on Monday, hitting $158.04. The company’s stock had a trading volume of 53,466 shares, compared to its average volume of 1,835,527. Autodesk has a 12-month low of $117.72 and a 12-month high of $178.95. The stock has a market cap of $34.74 billion, a P/E ratio of 1,437.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.92. The company has a 50 day simple moving average of $168.55.

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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