Wall Street analysts expect Autodesk, Inc. (NASDAQ:ADSK) to report sales of $557.06 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Autodesk’s earnings, with estimates ranging from $554.42 million to $562.40 million. Autodesk posted sales of $485.70 million during the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The company is expected to announce its next earnings report on Thursday, May 17th.
On average, analysts expect that Autodesk will report full year sales of $557.06 million for the current fiscal year, with estimates ranging from $2.48 billion to $2.51 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.17 billion per share, with estimates ranging from $3.07 billion to $3.30 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Autodesk.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $544.74 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS.
In other Autodesk news, Director Lorrie M. Norrington sold 6,005 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total value of $626,922.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paul D. Underwood sold 2,089 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The disclosure for this sale can be found here. Insiders sold a total of 15,599 shares of company stock worth $1,744,319 in the last 90 days. 6.10% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Dorsey Wright & Associates lifted its holdings in Autodesk by 1.4% in the 4th quarter. Dorsey Wright & Associates now owns 36,122 shares of the software company’s stock valued at $3,787,000 after purchasing an additional 482 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Autodesk by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 3,150 shares of the software company’s stock valued at $330,000 after purchasing an additional 495 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Autodesk by 2.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,190 shares of the software company’s stock valued at $2,614,000 after purchasing an additional 500 shares in the last quarter. Glaxis Capital Management LLC lifted its holdings in Autodesk by 5.1% in the 4th quarter. Glaxis Capital Management LLC now owns 10,510 shares of the software company’s stock valued at $1,102,000 after purchasing an additional 510 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in Autodesk by 1.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 45,667 shares of the software company’s stock valued at $4,787,000 after purchasing an additional 553 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.
Shares of Autodesk (ADSK) opened at $136.00 on Wednesday. The company has a market cap of $30,478.32, a P/E ratio of -52.51, a PEG ratio of 88.70 and a beta of 1.82. Autodesk has a one year low of $82.70 and a one year high of $141.26. The company has a debt-to-equity ratio of -6.20, a quick ratio of 1.07 and a current ratio of 0.88.
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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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