Autodesk (NASDAQ:ADSK) issued an update on its second quarter 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus estimate of $0.62. The company issued revenue guidance of $782-792 million, compared to the consensus revenue estimate of $788.53 million.Autodesk also updated its FY 2020 guidance to $2.71-2.90 EPS.
NASDAQ:ADSK traded down $4.49 during trading hours on Thursday, reaching $169.54. 2,036,995 shares of the stock were exchanged, compared to its average volume of 1,712,856. Autodesk has a twelve month low of $117.72 and a twelve month high of $178.95. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 1,541.27, a price-to-earnings-growth ratio of 2.60 and a beta of 1.95.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $707.09 million. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, equities analysts predict that Autodesk will post 1.76 earnings per share for the current fiscal year.
In other news, SVP Steven M. Blum sold 16,838 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total transaction of $2,840,233.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Fronzo Pascal W. Di sold 11,437 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $166.86, for a total value of $1,908,377.82. The disclosure for this sale can be found here. Insiders have sold 58,577 shares of company stock worth $9,509,716 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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