Autodesk (ADSK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Autodesk (NASDAQ:ADSK) released its quarterly earnings results on Thursday. The software company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03, Bloomberg Earnings reports. 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 company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS. Autodesk updated its FY19 guidance to $0.77-0.95 EPS and its Q2 guidance to $0.13-0.16 EPS.

ADSK stock traded down $6.17 on Friday, reaching $132.75. The company had a trading volume of 6,513,488 shares, compared to its average volume of 1,699,864. Autodesk has a 1 year low of $99.22 and a 1 year high of $141.26. The firm has a market cap of $30.44 billion, a P/E 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.

A number of research firms recently weighed in on ADSK. Bank of America upped their price target on Autodesk from $133.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday. Wedbush restated a “neutral” rating and issued a $137.00 price target on shares of Autodesk in a report on Friday. Zacks Investment Research upgraded Autodesk from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Morgan Stanley upped their price target on Autodesk to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, May 15th. Finally, Deutsche Bank restated a “buy” rating and issued a $150.00 price target on shares of Autodesk in a report on Monday, May 14th. Three investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $149.10.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew Anagnost sold 20,499 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $125.39, for a total value of $2,570,369.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,475 shares of company stock worth $6,094,232. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

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 for Autodesk (NASDAQ:ADSK)

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