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.

A number of equities analysts have recently weighed in on the company. Griffin Securities restated a buy rating and issued a $193.00 target price (up previously from $188.00) on shares of Autodesk in a research note on Friday. Wedbush restated a neutral rating and issued a $164.00 target price (down previously from $166.00) on shares of Autodesk in a research note on Friday. BidaskClub upgraded Autodesk from a buy rating to a strong-buy rating in a research note on Friday, May 17th. Zacks Investment Research downgraded Autodesk from a buy rating to a hold rating in a research note on Thursday, May 16th. Finally, Evercore ISI restated a buy rating on shares of Autodesk in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $173.63.

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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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; 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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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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