Equities research analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will report earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Autodesk’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.60. Autodesk posted earnings per share of $0.19 in the same quarter last year, which suggests a positive year over year growth rate of 226.3%. The company is expected to announce its next quarterly earnings report on Thursday, August 22nd.
According to Zacks, analysts expect that Autodesk will report full-year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.92. For the next year, analysts expect that the company will report earnings of $4.59 per share, with EPS estimates ranging from $3.25 to $5.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Autodesk.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The company had revenue of $735.50 million during the quarter, compared to the consensus estimate of $740.14 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year.
Shares of NASDAQ ADSK opened at $163.77 on Monday. Autodesk has a 52 week low of $117.72 and a 52 week high of $178.95. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of 1,488.82, a P/E/G ratio of 2.57 and a beta of 1.92.
In other Autodesk news, SVP Steven M. Blum sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total value of $2,840,233.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $161.09, for a total value of $161,090.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,738 shares of company stock worth $8,059,471. Insiders own 0.12% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in Autodesk by 7.5% in the 1st quarter. Signaturefd LLC now owns 841 shares of the software company’s stock worth $131,000 after purchasing an additional 59 shares during the period. Harfst & Associates Inc. increased its stake in Autodesk by 3.5% in the 1st quarter. Harfst & Associates Inc. now owns 1,769 shares of the software company’s stock worth $275,000 after purchasing an additional 60 shares during the period. FIL Ltd increased its stake in Autodesk by 0.7% in the 1st quarter. FIL Ltd now owns 8,469 shares of the software company’s stock worth $1,320,000 after purchasing an additional 62 shares during the period. L & S Advisors Inc increased its stake in Autodesk by 1.3% in the 4th quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock worth $717,000 after purchasing an additional 70 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in Autodesk by 3.5% in the 4th quarter. Commonwealth Bank of Australia now owns 2,148 shares of the software company’s stock worth $274,000 after purchasing an additional 72 shares during the period. 92.77% of the stock is currently owned by institutional investors.
Autodesk Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.