Autodesk (ADSK) will release the results on Tuesday
Autodesk (NASDAQ: ADSK) will release its quarterly results after the market closes on Tuesday, November 23rd. Analysts expect Autodesk to post earnings of $ 0.68 per share for the quarter. Investors wishing to register for the company’s conference call can do so at. to do this link.
Autodesk (NASDAQ: ADSK) last released its quarterly earnings data on Tuesday, August 24th. The software company reported $ 1.21 EPS for the quarter, beating analysts’ consensus estimate of $ 1.13 by $ 0.08. The company had revenue of $ 1.06 billion for the quarter, compared to the consensus estimate of $ 1.05 billion. Autodesk achieved a net margin of 32.54% and a return on equity of 69.10%. Autodesk revenue for the quarter increased 16.1% compared to the year-ago quarter. For the same quarter last year, the company had earnings per share of $ 0.98. On average, analysts expect Autodesk to post USD 3 EPS for the current fiscal year and USD 5 EPS for the next fiscal year.
Shares in ADSK share opened Tuesday at $ 326.39. The company’s fifty-day simple moving average is $ 297.41 and the 200-day simple moving average is $ 297.74. The company has a market cap of $ 71.76 billion, a P / E of 55.23, a PEG of 3.25, and a beta of 1.36. The company has a current metric of 0.50, a fast metric of 0.50, and a leverage ratio of 1.23. Autodesk has a 12-month low of $ 246.86 and a 12-month high of $ 344.39.
ADSK has been the subject of a number of research analyst reports. KeyCorp raised its target price on Autodesk shares from $ 345.00 to $ 365.00 and rated the company as “overweight” in a report dated Thursday, August 19. Canaccord Genuity raised its target price on Autodesk shares from $ 260.00 to $ 295.00, and in a report dated 26th Mizuho raised its target price on Autodesk shares from $ 350.00 to $ 380.00 Dollars and rated the company as a “Buy” in a report on Monday. They discovered that the move was a call for evaluation. Stifel Nicolaus lowered his target price on Autodesk shares from USD 370.00 to USD 340.00 and announced on Thursday the 2nd. Finally, Rosenblatt Securities raised its target price on Autodesk shares from USD 320.00 to USD 355.00 and valued the Share on Tuesday, August 24th, on a research note with “Buy”. One research analyst has given the stock a sell rating, six with a hold rating and twelve with a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $ 332.00.
In other news, CEO Andrew Anagnost sold 2,434 shares in the company in a transaction dated Thursday, September 2. The stock sold at an average price of $ 286.18 for a total transaction of $ 696,562.12. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. Also CAO Stephen W. Hope sold 262 shares of Autodesk in a transaction that occurred on Wednesday, September 8th. The stock sold at an average price of $ 286.46 for a total value of $ 75,052.52. The disclosure for this sale can be found here. Insiders sold a total of 32,220 shares in the company last quarter, valued at $ 9,941,402. 0.11% of the shares are owned by insiders.
Autodesk, Inc. designs software and services. Products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The company also offers product development and manufacturing software that helps manufacturers in the automotive, transportation, Provides comprehensive digital design, engineering and production solutions to the industrial machinery, consumer goods and construction products industries. 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 digital sculpting, modeling, animation, effects, rendering and compositing tools for design visualization, visual effects and game production.
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