Autodesk (NASDAQ:ADSK) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.13-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $595-605 million, compared to the consensus revenue estimate of $598.47 million.Autodesk also updated its FY19 guidance to $0.77-0.95 EPS.
Several research firms recently commented on ADSK. Wedbush reaffirmed a neutral rating and set a $137.00 price objective on shares of Autodesk in a research report on Friday. Wells Fargo & Co increased their price objective on Autodesk from $150.00 to $200.00 and gave the company an outperform rating in a research report on Wednesday, March 7th. Robert W. Baird reaffirmed a buy rating and set a $135.00 price objective on shares of Autodesk in a research report on Wednesday, March 7th. Barclays increased their price objective on Autodesk from $135.00 to $140.00 and gave the company an overweight rating in a research report on Wednesday, March 7th. Finally, Deutsche Bank reaffirmed a buy rating and set a $150.00 price objective on shares of Autodesk in a research report on Monday, May 14th. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $149.10.
Shares of Autodesk opened at $132.75 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of -82.97 and a beta of 1.72. The company has a debt-to-equity ratio of -6.20, a quick ratio of 0.88 and a current ratio of 0.88. Autodesk has a 52-week low of $99.22 and a 52-week high of $141.26.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total value of $199,665.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul D. Underwood sold 2,089 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $139.21, for a total value of $290,809.69. The disclosure for this sale can be found here. Insiders sold 48,475 shares of company stock worth $6,094,232 in the last ninety days. Corporate insiders own 0.14% 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.
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.