Autodesk (ADSK) Updates Q2 Earnings Guidance

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.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 24th. The software company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $559.90 million for the quarter, compared to analysts’ expectations of $558.49 million. Autodesk had a negative return on equity of 530.32% and a negative net margin of 24.39%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share.

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.

Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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