FY2025 Earnings Forecast for Autodesk Issued By Scotiabank

Autodesk, Inc. (NASDAQ:ADSK - Free Report) - Investment analysts at Scotiabank issued their FY2025 earnings per share estimates for shares of Autodesk in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the software company will post earnings of $5.75 per share for the year. Scotiabank currently has a "Sector Outperform" rating and a $360.00 target price on the stock. The consensus estimate for Autodesk's current full-year earnings is $5.76 per share. Scotiabank also issued estimates for Autodesk's FY2026 earnings at $6.28 EPS.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company earned $1.33 earnings per share. Autodesk's revenue was up 11.0% compared to the same quarter last year.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Rosenblatt Securities lifted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. UBS Group started coverage on Autodesk in a research note on Monday, December 2nd. They set a "buy" rating and a $350.00 price target for the company. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Finally, Citigroup raised their price target on Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average target price of $326.05.

Autodesk Stock Performance

Shares of ADSK stock opened at $284.96 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market capitalization of $61.27 billion, a P/E ratio of 56.54, a PEG ratio of 3.62 and a beta of 1.42. The firm's 50 day moving average is $301.41 and its 200 day moving average is $274.29.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jag Capital Management LLC purchased a new stake in shares of Autodesk in the third quarter worth about $13,861,000. LMR Partners LLP purchased a new position in shares of Autodesk during the third quarter valued at approximately $12,643,000. Starboard Value LP purchased a new position in Autodesk during the 3rd quarter valued at $510,189,000. Erste Asset Management GmbH purchased a new position in Autodesk in the 3rd quarter worth about $20,087,000. Finally, Bank of Montreal Can increased its holdings in Autodesk by 8.7% during the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company's stock worth $248,385,000 after purchasing an additional 73,363 shares during the period. 90.24% of the stock is currently owned by institutional investors.

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.