The Autodesk Inc. (ADSK) to Release Quarterly Earnings on Tuesday

The Autodesk Inc. (ADSK) to Release Quarterly Earnings on Tuesday

Autodesk Inc. (NASDAQ:ADSK) is scheduled to issue its Q317 quarterly earnings data on Tuesday, November 29th. Analysts expect the company to announce earnings of ($0.24) per share and revenue of $476.76 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The company had revenue of $550.70 million for the quarter, compared to the consensus estimate of $511.49 million. During the same period in the prior year, the firm posted $0.19 EPS. Autodesk’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, analysts expect Autodesk to post $-1.3 EPS for the current fiscal year and $-0.8 EPS for the next fiscal year.

Shares of Autodesk Inc. (NASDAQ:ADSK) opened at 75.83 on Monday. The stock’s market capitalization is $16.83 billion. Autodesk Inc. has a 12 month low of $41.60 and a 12 month high of $78.58. The company’s 50-day moving average is $72.24 and its 200 day moving average is $64.03.

In other Autodesk news, Director Betsy Rafael sold 4,416 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $67.80, for a total value of $299,404.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jan Becker sold 17,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $71.48, for a total value of $1,241,107.24. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in Autodesk by 2.4% in the second quarter. TIAA CREF Investment Management LLC now owns 1,260,862 shares of the software company’s stock valued at $68,263,000 after buying an additional 29,341 shares in the last quarter. FMR LLC increased its position in shares of Autodesk by 23.8% in the second quarter. FMR LLC now owns 20,026,572 shares of the software company’s stock valued at $1,084,239,000 after buying an additional 3,844,505 shares during the last quarter. Credit Suisse AG increased its position in shares of Autodesk by 32.4% in the second quarter. Credit Suisse AG now owns 424,592 shares of the software company’s stock valued at $22,988,000 after buying an additional 103,947 shares during the last quarter. FIL Ltd increased its position in shares of Autodesk by 13.7% in the second quarter. FIL Ltd now owns 388,958 shares of the software company’s stock valued at $21,058,000 after buying an additional 46,749 shares during the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Autodesk by 12.0% in the second quarter. Cibc World Markets Corp now owns 15,130 shares of the software company’s stock valued at $819,000 after buying an additional 1,620 shares during the last quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

A number of analysts have recently issued reports on ADSK shares. Barclays PLC boosted their target price on shares of Autodesk from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. Rosenblatt Securities reissued a “sell” rating and set a $54.00 target price on shares of Autodesk in a research note on Thursday, August 25th. Evercore ISI started coverage on shares of Autodesk in a research note on Wednesday, September 14th. They set a “buy” rating and a $80.00 target price for the company. Cowen and Company boosted their target price on shares of Autodesk from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Finally, Mitsubishi UFJ Financial Group lowered shares of Autodesk from an “equal weight” rating to an “underweight” rating and set a $50.00 target price for the company. in a research note on Monday, August 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Autodesk has an average rating of “Hold” and a consensus price target of $68.42.

Autodesk Company Profile

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