Autodesk (ADSK) Releases Q2 Earnings Guidance
Autodesk (NASDAQ:ADSK) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus estimate of $0.62. The company issued revenue guidance of $782-792 million, compared to the consensus revenue estimate of $787.12 million.Autodesk also updated its FY 2020 guidance to $2.71-2.90 EPS.
Shares of ADSK opened at $161.22 on Friday. The company has a market cap of $35.49 billion, a price-to-earnings ratio of 1,465.64, a P/E/G ratio of 2.60 and a beta of 1.95. Autodesk has a 52 week low of $117.72 and a 52 week high of $178.95.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $735.50 million during the quarter, compared to analysts’ expectations of $740.14 million. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, sell-side analysts predict that Autodesk will post 1.76 earnings per share for the current fiscal year.
In related news, SVP Fronzo Pascal W. Di sold 8,839 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $165.00, for a total value of $1,458,435.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $152.90, for a total value of $152,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,577 shares of company stock worth $9,509,716. 0.12% of the stock is owned by company insiders.
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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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