Equities analysts expect that Autodesk, Inc. (NASDAQ:ADSK) will report sales of $1.01 billion for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Autodesk’s earnings, with the lowest sales estimate coming in at $1.00 billion and the highest estimate coming in at $1.01 billion. Autodesk reported sales of $899.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The firm is scheduled to report its next earnings results after the market closes on Thursday, February 25th.
According to Zacks, analysts expect that Autodesk will report full year sales of $3.76 billion for the current year, with estimates ranging from $3.75 billion to $3.76 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.29 billion, with estimates ranging from $4.23 billion to $4.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Autodesk.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Monday, November 23rd. The software company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The firm had revenue of $952.40 million during the quarter, compared to the consensus estimate of $940.00 million. Autodesk had a negative return on equity of 1,423.72% and a net margin of 11.74%. During the same period last year, the company earned $0.78 earnings per share.
Several research analysts recently issued reports on ADSK shares. Wells Fargo & Company increased their price target on shares of Autodesk from $300.00 to $305.00 in a report on Wednesday, November 25th. Deutsche Bank Aktiengesellschaft increased their target price on Autodesk from $300.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. Canaccord Genuity lifted their price target on Autodesk from $295.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. Robert W. Baird increased their price objective on Autodesk from $342.00 to $360.00 in a research report on Wednesday, February 17th. Finally, KeyCorp boosted their target price on shares of Autodesk from $310.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $288.71.
Shares of ADSK stock traded down $6.58 during mid-day trading on Thursday, hitting $291.12. The stock had a trading volume of 40,225 shares, compared to its average volume of 1,458,293. The firm has a market cap of $64.01 billion, a PE ratio of 152.48, a PEG ratio of 3.64 and a beta of 1.44. The company’s 50-day simple moving average is $302.79 and its 200-day simple moving average is $266.49. The company has a debt-to-equity ratio of 23.62, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk has a fifty-two week low of $125.38 and a fifty-two week high of $321.13.
A number of large investors have recently modified their holdings of ADSK. Safeguard Investment Advisory Group LLC acquired a new position in shares of Autodesk during the 4th quarter valued at about $30,000. Manchester Financial Inc. raised its stake in Autodesk by 76.6% during the fourth quarter. Manchester Financial Inc. now owns 113 shares of the software company’s stock worth $35,000 after purchasing an additional 49 shares during the period. Kistler Tiffany Companies LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at $35,000. Sun Life Financial INC acquired a new stake in shares of Autodesk during the 3rd quarter worth $30,000. Finally, Newfound Research LLC acquired a new position in Autodesk in the fourth quarter valued at $43,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk, Inc operates as a software design 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 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.
See Also: What is a Futures Contract?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.