Wall Street brokerages expect that Autodesk, Inc. (NASDAQ:ADSK) will report earnings of ($0.36) per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Autodesk’s earnings. The lowest EPS estimate is ($0.41) and the highest is ($0.31). Autodesk posted earnings of ($0.27) per share during the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The company is expected to report its next earnings report on Thursday, May 18th.
On average, analysts expect that Autodesk will report full-year earnings of ($1.38) per share for the current fiscal year, with EPS estimates ranging from ($1.41) to ($1.34). For the next financial year, analysts anticipate that the company will report earnings of ($0.22) per share, with EPS estimates ranging from ($1.55) to $0.54. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, March 2nd. The software company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.06. The firm earned $478.80 million during the quarter, compared to analyst estimates of $476.06 million. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. Autodesk’s revenue was down 26.1% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share.
A number of analysts have recently commented on ADSK shares. Robert W. Baird started coverage on Autodesk in a report on Tuesday, February 28th. They set an “outperform” rating and a $100.00 price objective for the company. Zacks Investment Research raised shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th. Wedbush upped their price objective on shares of Autodesk to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, February 8th. Griffin Securities increased their price target on shares of Autodesk from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $87.00 price target (up previously from $84.00) on shares of Autodesk in a research report on Friday, March 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.07.
Shares of Autodesk (NASDAQ:ADSK) traded down 0.83% during mid-day trading on Thursday, reaching $84.91. The company’s stock had a trading volume of 1,970,309 shares. The firm has a 50-day moving average of $85.73 and a 200-day moving average of $78.74. Autodesk has a 52 week low of $49.82 and a 52 week high of $89.18. The firm’s market capitalization is $18.75 billion.
In other Autodesk news, SVP Steven M. Blum sold 55,088 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $85.08, for a total transaction of $4,686,887.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 20,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $87.91, for a total transaction of $1,758,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,113 shares of company stock worth $10,785,367. 6.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of ADSK. FMR LLC increased its position in Autodesk by 20.1% in the fourth quarter. FMR LLC now owns 26,573,101 shares of the software company’s stock worth $1,966,674,000 after buying an additional 4,455,916 shares in the last quarter. Norges Bank bought a new stake in shares of Autodesk during the fourth quarter valued at $119,478,000. Darsana Capital Partners LP bought a new stake in shares of Autodesk during the fourth quarter valued at $112,865,000. Fred Alger Management Inc. bought a new stake in shares of Autodesk during the fourth quarter valued at $95,449,000. Finally, Iridian Asset Management LLC CT boosted its stake in shares of Autodesk by 23.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,957,028 shares of the software company’s stock valued at $218,850,000 after buying an additional 566,249 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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