Wall Street analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will report sales of $544.21 million for the current quarter, according to Zacks. Six analysts have made estimates for Autodesk’s earnings. The lowest sales estimate is $540.75 million and the highest is $547.20 million. Autodesk reported sales of $478.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The firm is expected to report its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Autodesk will report full-year sales of $544.21 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.06 billion. For the next year, analysts forecast that the firm will post sales of $2.55 billion per share, with estimates ranging from $2.47 billion to $2.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Autodesk.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 75.04%. The business had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. During the same period in the previous year, the company earned ($0.18) earnings per share. Autodesk’s revenue for the quarter was up 5.2% on a year-over-year basis.

ADSK has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and set a $128.00 price target on shares of Autodesk in a research report on Friday, November 10th. Cowen boosted their price target on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, August 25th. Canaccord Genuity restated a “buy” rating and issued a $140.00 price target (up previously from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. Guggenheim upgraded shares of Autodesk from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Monday, November 13th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.10.

Shares of Autodesk (NASDAQ:ADSK) opened at $109.70 on Friday. Autodesk has a 1 year low of $68.06 and a 1 year high of $131.10. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02.

In related news, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,523 shares of company stock worth $7,218,659 over the last quarter. Corporate insiders own 6.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Autodesk by 0.3% during the 2nd 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 period. Tdam USA Inc. raised its position in shares of Autodesk by 0.3% in the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after acquiring an additional 20 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after acquiring an additional 42 shares during the period. Parallel Advisors LLC raised its position in shares of Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after acquiring an additional 65 shares during the period. Institutional investors own 95.85% of the company’s stock.

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Autodesk Company Profile

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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