Autodesk (ADSK) to Release Quarterly Earnings on Thursday

Autodesk (NASDAQ:ADSK) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Autodesk to post earnings of $2.13 per share and revenue of $1.63 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned $1.33 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Autodesk Trading Down 0.5 %

NASDAQ ADSK opened at $283.72 on Wednesday. The firm has a market capitalization of $61.00 billion, a PE ratio of 56.29, a P/E/G ratio of 2.94 and a beta of 1.43. The stock’s 50 day moving average is $297.47 and its 200 day moving average is $286.63. Autodesk has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Scotiabank initiated coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective on the stock. UBS Group began coverage on shares of Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, Macquarie initiated coverage on Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $334.45.

About Autodesk

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.