Autodesk (NASDAQ:ADSK) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.87-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91. The company issued revenue guidance of $2.485-2.505 billion, compared to the consensus revenue estimate of $2.49 billion.Autodesk also updated its Q3 guidance to $0.24-0.28 EPS.

Several research analysts have commented on the company. Griffin Securities raised their target price on Autodesk from $165.00 to $170.00 and gave the stock a buy rating in a research note on Friday. Robert W. Baird raised their target price on Autodesk from $155.00 to $165.00 and gave the stock an outperform rating in a research note on Friday. Credit Suisse Group raised their target price on Autodesk from $150.00 to $160.00 and gave the stock an outperform rating in a research note on Friday. Canaccord Genuity raised their target price on Autodesk from $150.00 to $165.00 and gave the stock a buy rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on Autodesk from $150.00 to $175.00 and gave the stock an overweight rating in a research note on Friday. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $145.15.

Shares of ADSK opened at $157.20 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of -12.34. Autodesk has a 12-month low of $101.55 and a 12-month high of $157.78.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $612.00 million during the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 24.39%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS. analysts expect that Autodesk will post 0.02 EPS for the current year.

In other news, SVP Steven M. Blum sold 13,870 shares of Autodesk stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $133.02, for a total transaction of $1,844,987.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Fronzo Pascal W. Di sold 7,185 shares of Autodesk stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $138.78, for a total value of $997,134.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,405 shares of company stock valued at $2,890,471. Corporate insiders own 0.14% of the company’s stock.

Autodesk Company Profile

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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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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