Autodesk ( ADSK ) will publish quarterly earnings on Thursday

Autodesk (NASDAQ:ADSK – Get Your Free Report ) is set to announce its earnings results after the market closes on Thursday, August 29th. Analysts expect the company to post earnings of $2.00 per share for the quarter. Autodesk set its Q2 guidance at $1.98-$2.04 EPS and FY25 guidance at $7.99-$8.21 EPS. Investors interested in listening to the company’s conference call can do so using this link.

Autodesk (NASDAQ:ADSK – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company’s revenue for the quarter was up 11.7% year over year. During the same period last year, the firm earned $1.55 EPS. On average, analysts expect that Autodesk will post earnings of $6 for the current fiscal year and $6 for the next fiscal year.

Autodesk inventory performance

ADSK opened at $252.06 on Thursday. The firm has a market cap of $54.32 billion, a PE ratio of 54.56, a P/E/G ratio of 3.23 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 0.69, and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $243.45 and a 200 day simple moving average of $239.41. Autodesk has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

Insiders place their bets

In other news, Director Mary T. Mcdowell sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,931 shares of company stock worth $9,537,781. Insiders own 0.14% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts recently commented on ADSK shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 target price on shares of Autodesk in a research report on Wednesday, June 12th. KeyCorp cut their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 20th. Piper Sandler reissued a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and set a $255.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Finally, Robert W. Baird cut their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $262.42.

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About Autodesk

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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 professional design, drafting, detailing and visualization software; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for machining, inspection and modeling with computer numerical control for production; 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 the media and entertainment collection industries.

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