Autodesk (ADSK) Set to Announce Earnings on Tuesday

Autodesk (NASDAQ:ADSK - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 26th. Analysts expect Autodesk to post earnings of $2.11 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $302.05 on Tuesday. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $315.73. The company has a market cap of $64.94 billion, a PE ratio of 61.77, a P/E/G ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business has a 50-day simple moving average of $282.25 and a two-hundred day simple moving average of $252.44.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Mizuho set a $260.00 target price on Autodesk in a research report on Friday, October 18th. KeyCorp reiterated an "overweight" rating and set a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Bank of America raised their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Finally, Scotiabank started coverage on Autodesk in a report on Monday. They set a "sector outperform" rating and a $360.00 target price for the company. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $301.19.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by company insiders.

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.