Wall Street brokerages predict that Autodesk, Inc. (NASDAQ:ADSK) will report sales of $517.10 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Autodesk’s earnings. The highest sales estimate is $532.43 million and the lowest is $506.30 million. Autodesk posted sales of $489.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The company is scheduled to report its next earnings results on Tuesday, December 5th.

According to Zacks, analysts expect that Autodesk will report full-year sales of $517.10 million for the current fiscal year, with estimates ranging from $2.03 billion to $2.08 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.58 billion per share, with estimates ranging from $2.45 billion to $2.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Autodesk.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Autodesk’s revenue for the quarter was down 8.9% on a year-over-year basis.

A number of research firms have weighed in on ADSK. Robert W. Baird set a $125.00 price target on Autodesk and gave the company a “buy” rating in a research note on Friday. Evercore ISI reissued an “outperform” rating and set a $135.00 price target on shares of Autodesk in a report on Friday. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Sanford C. Bernstein started coverage on Autodesk in a report on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 price objective for the company. Finally, Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $113.19.

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In other Autodesk news, VP Paul D. Underwood sold 6,490 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $111.93, for a total transaction of $726,425.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,705 shares of company stock valued at $17,590,771. Company insiders own 6.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after buying an additional 17 shares in the last quarter. Tdam USA Inc. raised its stake in shares of Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock worth $780,000 after buying an additional 20 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock worth $415,000 after buying an additional 21 shares in the last quarter. Tyers Asset Management LLC raised its stake in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock worth $386,000 after buying an additional 32 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Autodesk by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.

Shares of Autodesk (NASDAQ ADSK) opened at 111.48 on Tuesday. The company has a 50-day moving average of $109.09 and a 200 day moving average of $97.98. Autodesk has a 52-week low of $65.06 and a 52-week high of $119.73. The stock’s market cap is $24.47 billion.

Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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