Wall Street brokerages expect Autodesk, Inc. (NASDAQ:ADSK) to post earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Autodesk’s earnings, with estimates ranging from $0.24 to $0.30. Autodesk posted earnings per share of ($0.12) in the same quarter last year, which indicates a positive year over year growth rate of 316.7%. The business is expected to issue its next quarterly earnings report on Tuesday, November 27th.

According to Zacks, analysts expect that Autodesk will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.01. For the next financial year, analysts forecast that the business will report earnings of $3.05 per share, with EPS estimates ranging from $1.59 to $3.41. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share.

Several brokerages have recently commented on ADSK. Barclays increased their price objective on Autodesk from $152.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. KeyCorp increased their price objective on Autodesk from $150.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Guggenheim reissued a “neutral” rating and issued a $150.00 price objective on shares of Autodesk in a research note on Wednesday, August 8th. Credit Suisse Group increased their price objective on Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Finally, Deutsche Bank increased their price objective on Autodesk from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus price target of $163.74.

In related news, Director Lorrie M. Norrington sold 5,001 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in Autodesk by 0.6% during the first quarter. Wells Fargo & Company MN now owns 1,071,299 shares of the software company’s stock valued at $134,533,000 after purchasing an additional 6,658 shares during the period. Aperio Group LLC grew its holdings in Autodesk by 7.7% during the first quarter. Aperio Group LLC now owns 123,061 shares of the software company’s stock valued at $15,454,000 after purchasing an additional 8,755 shares during the period. Thrivent Financial for Lutherans grew its holdings in Autodesk by 605.3% during the first quarter. Thrivent Financial for Lutherans now owns 62,556 shares of the software company’s stock valued at $7,855,000 after purchasing an additional 53,687 shares during the period. US Bancorp DE grew its holdings in Autodesk by 3.7% during the first quarter. US Bancorp DE now owns 37,777 shares of the software company’s stock valued at $4,744,000 after purchasing an additional 1,358 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Autodesk by 9.3% during the first quarter. Eagle Asset Management Inc. now owns 433,728 shares of the software company’s stock valued at $54,467,000 after purchasing an additional 36,767 shares during the period. 95.96% of the stock is owned by institutional investors.

Shares of Autodesk stock traded up $0.43 on Monday, hitting $152.83. The company had a trading volume of 1,575,437 shares, compared to its average volume of 2,089,266. The company has a market cap of $33.32 billion, a PE ratio of -95.34, a price-to-earnings-growth ratio of 106.57 and a beta of 1.82. Autodesk has a 1 year low of $101.55 and a 1 year high of $159.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of -6.57.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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