Autodesk (NASDAQ:ADSK) issued its quarterly earnings data on Tuesday. The software company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.26 by $0.07, MarketWatch Earnings reports. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year.
ADSK traded down $47.10 during midday trading on Thursday, hitting $256.90. 10,904,560 shares of the company were exchanged, compared to its average volume of 1,313,649. The company’s 50 day simple moving average is $300.42 and its 200 day simple moving average is $298.65. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.23. Autodesk has a 1-year low of $245.05 and a 1-year high of $344.39. The firm has a market capitalization of $56.48 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 3.23 and a beta of 1.36.
ADSK has been the subject of several analyst reports. Morgan Stanley increased their price objective on Autodesk from $324.00 to $344.00 and gave the company an “equal weight” rating in a report on Wednesday. They noted that the move was a valuation call. KeyCorp cut their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays upped their target price on Autodesk from $340.00 to $370.00 and gave the company an “overweight” rating in a research report on Tuesday, August 24th. Robert W. Baird upped their target price on Autodesk from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 17th. Finally, Guggenheim reissued a “hold” rating on shares of Autodesk in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Buy” and an average price target of $337.00.
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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