Autodesk (ADSK) to Release Earnings on Thursday
Autodesk (NASDAQ:ADSK) is set to post its Q215 quarterly earnings results on Thursday, August 14th. Analysts expect Autodesk to post earnings of $0.29 per share and revenue of $603.16 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Autodesk (NASDAQ:ADSK) last released its earnings data on Thursday, May 15th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. On average, analysts expect Autodesk to post $1.18 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.
Autodesk (NASDAQ:ADSK) opened at 54.62 on Wednesday. Autodesk has a one year low of $35.05 and a one year high of $58.68. The stock’s 50-day moving average is $55.45 and its 200-day moving average is $52.13. The company has a market cap of $12.446 billion and a P/E ratio of 61.82.
A number of analysts have recently weighed in on ADSK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, August 4th. They now have a $56.00 price target on the stock. On a related note, analysts at Barclays upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 10th. They now have a $65.00 price target on the stock, up previously from $51.00. Finally, analysts at Robert W. Baird raised their price target on shares of Autodesk from $56.00 to $60.00 in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Autodesk presently has an average rating of “Buy” and an average price target of $59.31.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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