Autodesk, Inc. (ADSK) to Release Quarterly Earnings on Monday
Autodesk, Inc. (NASDAQ:ADSK) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 27th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Autodesk has set its Q3 guidance at ($0.16-0.12) EPS and its FY18 guidance at ($0.61-0.54) EPS.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same quarter last year, the company earned $0.05 EPS. The company’s revenue was down 8.9% on a year-over-year basis. On average, analysts expect Autodesk to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Autodesk, Inc. (ADSK) opened at $127.49 on Monday. Autodesk, Inc. has a 52 week low of $68.06 and a 52 week high of $127.92. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.
A number of equities research analysts have weighed in on the company. BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 target price on shares of Autodesk in a report on Wednesday, September 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $120.00 target price (up previously from $115.00) on shares of Autodesk in a report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and issued a $115.00 target price on shares of Autodesk in a report on Friday, August 18th. Finally, Barclays PLC raised their target price on Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Autodesk currently has an average rating of “Buy” and an average target price of $124.50.
In other news, insider Andrew Anagnost sold 24,004 shares of Autodesk stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is owned by corporate insiders.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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