Autodesk (NASDAQ:ADSK) will be releasing its earnings data after the market closes on Thursday, May 23rd. Analysts expect Autodesk to post earnings of $0.21 per share for the quarter. Autodesk has set its Q1 2020 guidance at $0.44-0.48 EPS and its FY 2020 guidance at $2.71-2.90 EPS.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $707.09 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, analysts expect Autodesk to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of ADSK stock opened at $173.32 on Thursday. The stock has a market capitalization of $36.31 billion, a price-to-earnings ratio of 1,575.64, a P/E/G ratio of 2.46 and a beta of 1.95. Autodesk has a one year low of $117.72 and a one year high of $178.95.
A number of brokerages have commented on ADSK. Wedbush upped their target price on shares of Autodesk from $131.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. TheStreet upgraded shares of Autodesk from a “d” rating to a “c” rating in a research note on Thursday, February 28th. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Deutsche Bank upped their target price on shares of Autodesk to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Finally, Griffin Securities restated a “buy” rating and issued a $188.00 target price (up from $175.00) on shares of Autodesk in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $173.49.
In other news, SVP Fronzo Pascal W. Di sold 8,839 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,458,435.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Steven M. Blum sold 16,838 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $168.68, for a total transaction of $2,840,233.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,577 shares of company stock worth $9,509,716. Insiders own 0.12% of the company’s stock.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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