Autodesk (NASDAQ:ADSK) Issues Earnings Results

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

Autodesk Stock Down 3.1 %

Autodesk stock opened at $211.50 on Wednesday. The company has a market capitalization of $45.57 billion, a P/E ratio of 50.24, a P/E/G ratio of 2.96 and a beta of 1.43. The firm’s fifty day simple moving average is $220.01 and its 200-day simple moving average is $237.44. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk has a 1-year low of $192.01 and a 1-year high of $279.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. KeyCorp decreased their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Citigroup lifted their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Piper Sandler cut their price target on Autodesk from $260.00 to $239.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Finally, Mizuho cut their price target on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $267.21.

View Our Latest Research Report on Autodesk

Insider Activity

In other news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,988 shares of company stock worth $7,534,941. 0.14% of the stock is owned by corporate insiders.

About Autodesk

(Get Free Report)

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.

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Earnings History for Autodesk (NASDAQ:ADSK)

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