Autodesk, Inc. (ADSK) Expected to Post Quarterly Sales of $544.56 Million

Equities research analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will post $544.56 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Autodesk’s earnings, with estimates ranging from $541.75 million to $547.86 million. Autodesk posted sales of $478.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The business is expected to issue its next earnings results after the market closes on Tuesday, March 6th.

According to Zacks, analysts expect that Autodesk will report full-year sales of $544.56 million for the current financial year, with estimates ranging from $2.04 billion to $2.05 billion. For the next fiscal year, analysts expect that the business will post sales of $2.56 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 analysts that cover Autodesk.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) earnings per share.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday. OTR Global raised shares of Autodesk to a “positive” rating in a research report on Monday. KeyCorp reissued a “buy” rating and issued a $134.00 price objective on shares of Autodesk in a research report on Wednesday, January 17th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, Oppenheimer assumed coverage on shares of Autodesk in a research report on Friday, December 29th. They issued an “outperform” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $132.68.

In related news, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,248 shares of company stock valued at $2,148,546. 6.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Autodesk during the fourth quarter worth approximately $116,000. Cable Hill Partners LLC grew its stake in Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after buying an additional 949 shares during the period. Cedar Capital LLC purchased a new stake in Autodesk during the third quarter worth approximately $207,000. Exane Derivatives purchased a new stake in Autodesk during the fourth quarter worth approximately $199,000. Finally, Wedbush Securities Inc. purchased a new stake in Autodesk during the third quarter worth approximately $216,000. Institutional investors own 95.44% of the company’s stock.

Autodesk (NASDAQ ADSK) opened at $110.54 on Thursday. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07. Autodesk has a 52-week low of $81.75 and a 52-week high of $131.10.

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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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