Autodesk (NASDAQ:ADSK) Issues Q4 Earnings Guidance

Autodesk (NASDAQ:ADSK) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.10-2.16 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $1.623-1.638 billion, compared to the consensus revenue estimate of $1.62 billion. Autodesk also updated its FY 2025 guidance to 8.290-8.350 EPS.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and raised their price target for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Scotiabank assumed coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective for the company. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Citigroup upped their price target on Autodesk from $325.00 to $358.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.38.

Autodesk Stock Down 8.6 %

Shares of Autodesk stock opened at $290.64 on Thursday. Autodesk has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day simple moving average is $289.02 and its 200 day simple moving average is $256.83. The firm has a market cap of $62.49 billion, a PE ratio of 59.44, a P/E/G ratio of 4.08 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $1.33 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Autodesk will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 in the last three months. Insiders own 0.14% of the company’s stock.

Autodesk Company Profile

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.