Analysts Offer Predictions for Autodesk, Inc.’s FY2018 Earnings (ADSK)

Autodesk, Inc. (NASDAQ:ADSK) – Research analysts at Griffin Securities issued their FY2018 earnings estimates for shares of Autodesk in a research report issued on Wednesday. Griffin Securities analyst J. Vleeschhouwer anticipates that the software company will earn ($1.35) per share for the year. Griffin Securities also issued estimates for Autodesk’s Q4 2018 earnings at ($0.33) EPS.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The business had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS.

Several other analysts have also recently commented on ADSK. UBS restated a “buy” rating and issued a $140.00 target price on shares of Autodesk in a research report on Wednesday, November 29th. Wedbush cut Autodesk from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $138.00 to $126.00 in a research report on Wednesday, November 29th. Credit Suisse Group restated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Autodesk in a research report on Wednesday, November 29th. Deutsche Bank set a $140.00 target price on Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity restated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $130.10.

Shares of Autodesk (NASDAQ ADSK) traded up $0.33 during trading on Monday, hitting $106.92. The stock had a trading volume of 1,682,897 shares, compared to its average volume of 2,128,234. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.22 and a current ratio of 1.07. Autodesk has a fifty-two week low of $73.60 and a fifty-two week high of $131.10.

Several institutional investors have recently modified their holdings of ADSK. Brighton Jones LLC boosted its position in Autodesk by 0.3% during the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after purchasing an additional 17 shares during the last quarter. Tdam USA Inc. boosted its position in Autodesk by 0.3% during the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after purchasing an additional 20 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Autodesk by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after purchasing an additional 42 shares during the last quarter. Parallel Advisors LLC boosted its position in Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in Autodesk by 1.3% during the second quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after purchasing an additional 65 shares during the last quarter. 95.85% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $112.26, for a total value of $1,024,709.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,523 shares of company stock valued at $7,218,659. 6.10% of the stock is currently owned by insiders.

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About Autodesk

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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