Autodesk (NASDAQ:ADSK) Updates FY25 Earnings Guidance

Autodesk (NASDAQ:ADSK) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $8.18-8.31 for the period, compared to the consensus estimate of $8.12. The company issued revenue guidance of $6.08-6.13 billion, compared to the consensus revenue estimate of $6.05 billion. Autodesk also updated its FY 2025 guidance to 8.180-8.310 EPS.

Autodesk Price Performance

ADSK traded up $3.61 on Thursday, hitting $258.23. 2,221,013 shares of the company were exchanged, compared to its average volume of 1,643,199. The firm has a market capitalization of $55.65 billion, a P/E ratio of 55.89, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The business’s fifty day moving average is $245.35 and its 200 day moving average is $239.27. Autodesk has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Autodesk will post 5.55 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Stifel Nicolaus cut their target price on shares of Autodesk from $316.00 to $290.00 and set a buy rating on the stock in a research note on Thursday, May 23rd. Morgan Stanley initiated coverage on Autodesk in a report on Friday, August 23rd. They issued an overweight rating and a $305.00 price target for the company. Bank of America cut their price objective on shares of Autodesk from $300.00 to $260.00 and set a neutral rating on the stock in a report on Monday, June 3rd. Citigroup lifted their target price on Autodesk from $295.00 to $316.00 and gave the stock a buy rating in a research report on Monday. Finally, Mizuho reduced their price target on Autodesk from $270.00 to $230.00 and set a neutral rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $268.17.

Insider Activity

In other news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,931 shares of company stock valued at $9,537,781. Insiders own 0.14% of the company’s stock.

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.