Autodesk (ADSK) Scheduled to Post Earnings on Thursday

Autodesk (NASDAQ:ADSK) will be releasing its earnings data after the market closes on Thursday, May 23rd. Analysts expect Autodesk to post earnings of $0.21 per share for the quarter. Autodesk has set its Q1 2020 guidance at $0.44-0.48 EPS and its FY 2020 guidance at $2.71-2.90 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $707.09 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, analysts expect Autodesk to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:ADSK opened at $170.61 on Tuesday. Autodesk has a one year low of $117.72 and a one year high of $178.95. The stock has a market cap of $38.38 billion, a price-to-earnings ratio of 1,551.00, a price-to-earnings-growth ratio of 2.60 and a beta of 1.95.

In other news, SVP Steven M. Blum sold 16,838 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $168.68, for a total transaction of $2,840,233.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Anagnost sold 10,440 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $153.21, for a total transaction of $1,599,512.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,577 shares of company stock valued at $9,509,716. 0.12% of the stock is currently owned by insiders.

A number of research analysts recently commented on the stock. Wedbush reiterated a “neutral” rating and issued a $166.00 price target (up previously from $163.00) on shares of Autodesk in a research note on Tuesday, May 14th. Zacks Investment Research lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Friday. KeyCorp assumed coverage on shares of Autodesk in a research report on Wednesday, April 10th. They set an “overweight” rating and a $196.00 target price on the stock. Finally, Evercore ISI restated a “buy” rating on shares of Autodesk in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $173.49.

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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; 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.

Further Reading: Strike Price

Earnings History for Autodesk (NASDAQ:ADSK)

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