Autodesk (NASDAQ:ADSK) Posts Earnings Results

Autodesk (NASDAQ:ADSKGet Free Report) issued its quarterly earnings data on Tuesday. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10, Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. Autodesk updated its Q2 guidance to $1.98-2.04 EPS and its FY25 guidance to $7.99-8.21 EPS.

Autodesk Price Performance

Autodesk stock opened at $223.02 on Thursday. The firm has a market capitalization of $48.06 billion, a P/E ratio of 52.97, a PEG ratio of 2.96 and a beta of 1.43. Autodesk has a 1 year low of $192.01 and a 1 year high of $279.53. The business has a 50-day moving average of $219.54 and a 200-day moving average of $237.34. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,988 shares of company stock worth $7,534,941. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADSK. Bank of America cut their price objective on Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. KeyCorp cut their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. The Goldman Sachs Group lifted their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $239.00 price target on shares of Autodesk in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Hold” and an average price target of $262.42.

Check Out Our Latest Stock Report on ADSK

Autodesk Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Autodesk (NASDAQ:ADSK)

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