Autodesk (NASDAQ:ADSK) Announces Earnings Results

Autodesk (NASDAQ:ADSK) released its earnings results on Monday. The software company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10, Briefing.com reports. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year.

Autodesk Price Performance

Autodesk stock traded down $6.70 during mid-day trading on Tuesday, hitting $211.50. 3,712,473 shares of the company traded hands, compared to its average volume of 1,644,940. Autodesk has a one year low of $192.01 and a one year high of $279.53. The stock has a market cap of $45.57 billion, a price-to-earnings ratio of 49.92, a price-to-earnings-growth ratio of 2.93 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The stock has a fifty day moving average price of $220.75 and a 200-day moving average price of $237.39.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the sale, the director now owns 33,216 shares of the company’s stock, valued at approximately $8,525,218.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $256.66, for a total transaction of $141,163.00. Following the completion of the sale, the director now owns 33,216 shares of the company’s stock, valued at approximately $8,525,218.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Deborah Clifford sold 5,553 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the sale, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Insiders sold a total of 28,988 shares of company stock worth $7,534,941 over the last three months. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADSK shares. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. KeyCorp reduced their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a research report on Wednesday, May 1st. Oppenheimer reduced their price target on shares of Autodesk from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Finally, Robert W. Baird lowered their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Hold” and an average price target of $269.05.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.