Autodesk (NASDAQ:ADSK) released its quarterly earnings results on Tuesday. The software company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07, MarketWatch Earnings reports. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company earned $0.69 EPS. Autodesk’s revenue for the quarter was up 18.2% on a year-over-year basis.
Shares of Autodesk stock opened at $304.00 on Wednesday. The business has a fifty day simple moving average of $301.69 and a two-hundred day simple moving average of $299.24. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $66.83 billion, a P/E ratio of 51.44, a P/E/G ratio of 3.23 and a beta of 1.36. Autodesk has a 12 month low of $252.60 and a 12 month high of $344.39.
A number of research analysts recently weighed in on ADSK shares. Stifel Nicolaus boosted their target price on Autodesk from $340.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, November 17th. Robert W. Baird boosted their price target on shares of Autodesk from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 17th. Barclays lifted their price objective on Autodesk from $340.00 to $370.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 24th. Royal Bank of Canada boosted their price target on Autodesk from $340.00 to $363.00 and gave the stock an “outperform” rating in a research note on Monday, August 23rd. Finally, Canaccord Genuity boosted their target price on shares of Autodesk from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Buy” and a consensus price target of $343.84.
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.
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