Equities research analysts forecast that Autodesk, Inc. (NASDAQ:ADSK) will report ($0.13) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Autodesk’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.04). Autodesk reported earnings per share of ($0.18) in the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, December 5th.

According to Zacks, analysts expect that Autodesk will report full year earnings of ($0.53) per share for the current year, with EPS estimates ranging from ($0.57) to ($0.33). For the next year, analysts anticipate that the business will post earnings of $1.15 per share, with EPS estimates ranging from $0.72 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter last year, the business earned $0.05 earnings per share. The company’s revenue was down 8.9% compared to the same quarter last year.

Several brokerages have recently weighed in on ADSK. Sanford C. Bernstein reissued an “outperform” rating and issued a $138.00 price target (up previously from $137.00) on shares of Autodesk in a research note on Friday, August 11th. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Cowen and Company reaffirmed a “buy” rating and set a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Barclays PLC raised their target price on Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $115.00 target price on shares of Autodesk in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Autodesk currently has an average rating of “Buy” and an average price target of $116.35.

In related news, insider Andrew Anagnost sold 24,004 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl Bass sold 13,377 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $99.95, for a total value of $1,337,031.15. The disclosure for this sale can be found here. Insiders have sold 135,986 shares of company stock valued at $14,061,542 over the last ninety days. 6.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of ADSK. Russell Investments Group Ltd. increased its position in shares of Autodesk by 488.2% during the first quarter. Russell Investments Group Ltd. now owns 47,357 shares of the software company’s stock valued at $4,095,000 after acquiring an additional 39,306 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Autodesk by 13.2% during the first quarter. Suntrust Banks Inc. now owns 10,885 shares of the software company’s stock valued at $940,000 after acquiring an additional 1,271 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Autodesk by 8.5% during the first quarter. UBS Asset Management Americas Inc. now owns 593,556 shares of the software company’s stock valued at $51,325,000 after acquiring an additional 46,645 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Autodesk by 0.7% during the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock valued at $675,000 after acquiring an additional 56 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Autodesk by 5.3% during the first quarter. Commerce Bank now owns 13,506 shares of the software company’s stock valued at $1,168,000 after acquiring an additional 675 shares during the last quarter. 94.78% of the stock is owned by institutional investors.

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Shares of Autodesk (NASDAQ:ADSK) traded down 0.62% during trading on Thursday, reaching $115.46. The company’s stock had a trading volume of 1,332,508 shares. Autodesk has a 12 month low of $66.36 and a 12 month high of $119.73. The firm’s market cap is $25.31 billion. The company’s 50 day moving average price is $111.32 and its 200 day moving average price is $100.68.

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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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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