Zacks: Analysts Expect Autodesk, Inc. (NASDAQ:ADSK) to Post $1.47 EPS

Analysts expect that Autodesk, Inc. (NASDAQ:ADSK) will report earnings of $1.47 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Autodesk’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.49. Autodesk reported earnings of $1.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.6%. The firm is scheduled to announce its next earnings results on Thursday, February 24th.

On average, analysts expect that Autodesk will report full-year earnings of $4.98 per share for the current financial year, with EPS estimates ranging from $4.94 to $5.01. For the next fiscal year, analysts forecast that the business will report earnings of $7.22 per share, with EPS estimates ranging from $6.99 to $7.95. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Autodesk.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 23rd. The software company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.26 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. Autodesk’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS.

Several equities research analysts have recently commented on the company. Rosenblatt Securities reduced their price objective on Autodesk from $355.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Investment Research raised shares of Autodesk from a “sell” rating to a “hold” rating and set a $324.00 target price for the company in a report on Wednesday, July 28th. Robert W. Baird upped their target price on shares of Autodesk from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 17th. Barclays upped their target price on shares of Autodesk from $340.00 to $370.00 and gave the stock an “overweight” rating in a report on Tuesday, August 24th. Finally, Piper Sandler upped their target price on shares of Autodesk from $338.00 to $340.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $337.00.

Shares of NASDAQ:ADSK traded down $47.10 during midday trading on Thursday, hitting $256.90. The company had a trading volume of 10,904,560 shares, compared to its average volume of 1,313,649. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $56.48 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 3.23 and a beta of 1.36. Autodesk has a 12-month low of $245.05 and a 12-month high of $344.39. The company has a fifty day moving average of $301.09 and a two-hundred day moving average of $298.95.

In related news, CAO Stephen W. Hope sold 262 shares of the stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $286.46, for a total value of $75,052.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 2,434 shares of the stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $286.18, for a total transaction of $696,562.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,263 shares of company stock valued at $2,384,406. 0.11% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of ADSK. Voloridge Investment Management LLC purchased a new stake in Autodesk in the 1st quarter worth about $3,133,000. Colony Group LLC raised its position in Autodesk by 3.3% in the 1st quarter. Colony Group LLC now owns 1,573 shares of the software company’s stock worth $436,000 after purchasing an additional 50 shares during the period. Strategic Wealth Partners Ltd. purchased a new position in shares of Autodesk during the first quarter worth approximately $365,000. Schroder Investment Management Group increased its position in shares of Autodesk by 3.6% during the first quarter. Schroder Investment Management Group now owns 287,341 shares of the software company’s stock worth $79,637,000 after acquiring an additional 10,042 shares during the period. Finally, Intrust Bank NA increased its position in shares of Autodesk by 6.0% during the first quarter. Intrust Bank NA now owns 1,133 shares of the software company’s stock worth $314,000 after acquiring an additional 64 shares during the period. 86.61% of the stock is currently owned by institutional investors.

About Autodesk

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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