$544.51 Million in Sales Expected for Autodesk, Inc. (ADSK) This Quarter

Wall Street brokerages predict that Autodesk, Inc. (NASDAQ:ADSK) will post $544.51 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Autodesk’s earnings. The lowest sales estimate is $541.75 million and the highest is $547.86 million. Autodesk posted sales of $478.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Autodesk will report full-year sales of $544.51 million for the current year, with estimates ranging from $2.04 billion to $2.05 billion. For the next year, analysts forecast that the company 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 averages are a mean average based on a survey of research analysts that that provide coverage for Autodesk.

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

A number of equities analysts recently issued reports on the company. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, September 20th. UBS Group reaffirmed a “buy” rating and issued a $140.00 price target on shares of Autodesk in a report on Wednesday, November 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, November 29th. KeyCorp reaffirmed an “overweight” rating and issued a $136.00 price target (up from $127.00) on shares of Autodesk in a report on Thursday, November 16th. Finally, Guggenheim raised Autodesk from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $132.77.

Autodesk (NASDAQ ADSK) opened at $112.07 on Friday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk has a fifty-two week low of $76.33 and a fifty-two week high of $131.10.

In related news, SVP Fronzo Pascal W. Di sold 19,577 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total value of $159,435.00. The disclosure for this sale can be found here. Insiders sold 38,825 shares of company stock valued at $4,595,671 over the last three months. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Marshall Wace North America L.P. acquired a new stake in shares of Autodesk during the second quarter worth $747,000. Cipher Capital LP acquired a new stake in shares of Autodesk during the second quarter worth $446,000. Oppenheimer & Co. Inc. raised its position in Autodesk by 3.0% in 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. State of Tennessee Treasury Department raised its position in Autodesk by 36.6% in the second quarter. State of Tennessee Treasury Department now owns 73,047 shares of the software company’s stock worth $7,364,000 after acquiring an additional 19,558 shares in the last quarter. Finally, Atlantic Trust Group LLC purchased a new position in Autodesk in the second quarter worth $1,825,000. 95.34% of the stock is owned by hedge funds and other institutional investors.

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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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