Autodesk (ADSK) Set to Announce Quarterly 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 the company to announce earnings of $2.11 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion during 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 company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Autodesk Stock Up 1.0 %

Shares of Autodesk stock opened at $302.05 on Tuesday. The company has a 50-day moving average of $282.25 and a 200 day moving average of $252.44. Autodesk has a 1 year low of $195.32 and a 1 year high of $315.73. The firm has a market cap of $64.94 billion, a price-to-earnings ratio of 61.77, a PEG ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADSK. The Goldman Sachs Group raised Autodesk from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Piper Sandler lifted their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. HSBC upgraded shares of Autodesk from a "hold" rating to a "buy" rating and upped their target price for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Morgan Stanley reissued an "overweight" rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, September 30th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average target price of $301.19.

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.