Autodesk (ADSK) Set to Announce Earnings on Tuesday

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

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

Autodesk Trading Up 1.0 %

Autodesk stock opened at $302.05 on Tuesday. Autodesk has a one year low of $195.32 and a one year high of $315.73. The business’s fifty day moving average is $282.25 and its 200 day moving average is $252.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $64.94 billion, a PE ratio of 61.77, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research reports. Rosenblatt Securities raised their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Mizuho set a $260.00 target price on Autodesk in a report on Friday, October 18th. Piper Sandler boosted their price target on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Stifel Nicolaus increased their price objective on shares of Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $301.19.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,280 shares of company stock worth $5,232,213. Insiders own 0.14% of the company’s stock.

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.