Autodesk (ADSK) Expected to Announce Earnings on Thursday

Autodesk (NASDAQ:ADSK - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $2.13 per share and revenue of $1.63 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Autodesk Stock Performance

ADSK stock traded down $5.45 during trading hours on Friday, hitting $285.57. 595,014 shares of the stock were exchanged, compared to its average volume of 1,350,541. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $61.40 billion, a P/E ratio of 56.70, a P/E/G ratio of 3.08 and a beta of 1.43. The company has a 50-day simple moving average of $298.62 and a two-hundred day simple moving average of $284.86. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62.

Analysts Set New Price Targets

Several research analysts have weighed in on ADSK shares. Stifel Nicolaus increased their price objective on Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Mizuho upgraded Autodesk from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Barclays raised their price target on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Wells Fargo & Company raised their price target on Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets lifted their target price on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $334.45.

Autodesk Company Profile

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.