Autodesk (ADSK) to Release Earnings on Tuesday

Autodesk (NASDAQ:ADSK) will post its quarterly earnings results after the market closes on Tuesday, November 26th. Analysts expect Autodesk to post earnings of $2.11 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Autodesk Stock Performance

ADSK opened at $302.05 on Tuesday. The stock has a market cap of $64.94 billion, a PE ratio of 61.77, a P/E/G ratio of 3.82 and a beta of 1.47. 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 1 year low of $195.32 and a 1 year high of $315.73. The stock’s 50 day simple moving average is $282.25 and its 200-day simple moving average is $252.44.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target on the stock. Royal Bank of Canada boosted their price objective on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Barclays boosted their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday. Scotiabank began coverage on Autodesk in a research note on Monday. They issued a “sector outperform” rating and a $360.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.19.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the firm’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 value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 50.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Company Profile

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.