Autodesk, Inc. (ADSK) Expected to Post Earnings of -$0.12 Per Share

Brokerages expect Autodesk, Inc. (NASDAQ:ADSK) to report earnings per share of ($0.12) for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Autodesk’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.15). Autodesk posted earnings of ($0.28) per share in the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The business is expected to issue its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Autodesk will report full-year earnings of ($0.51) per share for the current year, with EPS estimates ranging from ($0.57) to ($0.48). For the next year, analysts expect that the firm will post earnings of $0.94 per share, with EPS estimates ranging from ($0.51) to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Autodesk.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) earnings per share.

Several brokerages recently weighed in on ADSK. Evercore ISI set a $135.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley increased their price objective on Autodesk from $120.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Robert W. Baird set a $125.00 price objective on Autodesk and gave the stock a “buy” rating in a research report on Sunday, October 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $130.00 price objective on shares of Autodesk in a research report on Wednesday, November 29th. Finally, KeyCorp reiterated an “overweight” rating and issued a $136.00 price objective (up previously from $127.00) on shares of Autodesk in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. Autodesk presently has a consensus rating of “Buy” and an average target price of $132.77.

In other Autodesk news, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total value of $2,447,125.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,825 shares of company stock valued at $4,595,671. 6.10% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of ADSK. Marshall Wace North America L.P. bought a new position in shares of Autodesk in the 2nd quarter worth $747,000. Delta Lloyd Asset Management N.V. bought a new position in Autodesk during the second quarter worth about $1,722,000. Cipher Capital LP bought a new position in Autodesk during the second quarter worth about $446,000. Oppenheimer & Co. Inc. lifted its holdings in Autodesk by 3.0% during the second quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock worth $327,000 after acquiring an additional 94 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Autodesk by 1.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,371 shares of the software company’s stock worth $2,054,000 after acquiring an additional 298 shares in the last quarter. 95.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Autodesk (ADSK) traded up $2.29 during midday trading on Wednesday, hitting $107.12. The company had a trading volume of 2,040,700 shares, compared to its average volume of 1,554,500. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk has a 52-week low of $74.50 and a 52-week high of $131.10. The firm has a market capitalization of $24,090.00, a P/E ratio of -41.68 and a beta of 1.91.

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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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