Equities research analysts predict that Autodesk, Inc. (NASDAQ:ADSK) will report $642.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Autodesk’s earnings. The lowest sales estimate is $636.19 million and the highest is $652.60 million. Autodesk reported sales of $515.30 million in the same quarter last year, which indicates a positive year over year growth rate of 24.7%. The company is expected to issue its next quarterly earnings report on Tuesday, November 27th.
According to Zacks, analysts expect that Autodesk will report full year sales of $2.50 billion for the current fiscal year, with estimates ranging from $2.49 billion to $2.52 billion. For the next financial year, analysts expect that the firm will report sales of $3.15 billion, with estimates ranging from $2.98 billion to $3.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Autodesk.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The firm had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $600.36 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year.
NASDAQ ADSK traded up $7.29 during trading hours on Friday, hitting $138.18. 3,893,638 shares of the company traded hands, compared to its average volume of 2,117,360. Autodesk has a twelve month low of $101.55 and a twelve month high of $159.94. The company has a debt-to-equity ratio of -6.57, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $34.13 billion, a PE ratio of -86.36, a price-to-earnings-growth ratio of 109.17 and a beta of 1.80.
In other news, Director Lorrie M. Norrington sold 5,001 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,009 shares of company stock valued at $4,431,583. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Alpha Windward LLC bought a new position in shares of Autodesk during the second quarter worth approximately $102,000. Smithfield Trust Co. bought a new position in shares of Autodesk during the second quarter worth approximately $116,000. IHT Wealth Management LLC increased its stake in shares of Autodesk by 1,142.2% during the first quarter. IHT Wealth Management LLC now owns 1,031 shares of the software company’s stock worth $127,000 after purchasing an additional 948 shares during the period. First Bank & Trust bought a new position in shares of Autodesk during the third quarter worth approximately $149,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Autodesk by 58.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock worth $174,000 after purchasing an additional 489 shares during the period. Institutional investors own 96.00% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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