Autodesk (NASDAQ:ADSK) released its quarterly earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.02, Bloomberg Earnings reports. The company had revenue of $554.00 million for the quarter, compared to the consensus estimate of $544.74 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. Autodesk’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. Autodesk updated its Q1 guidance to $0.01-0.04 EPS and its FY19 guidance to $0.77-0.95 EPS.
Autodesk (NASDAQ ADSK) traded up $0.19 during midday trading on Wednesday, hitting $136.19. 1,600,000 shares of the stock were exchanged, compared to its average volume of 2,770,000. The company has a current ratio of 0.88, a quick ratio of 1.07 and a debt-to-equity ratio of -6.20. The company has a market capitalization of $30,000.00, a PE ratio of -52.79, a PEG ratio of 88.70 and a beta of 1.82. Autodesk has a 12-month low of $82.70 and a 12-month high of $141.26.
In other news, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,599 shares of company stock worth $1,744,319. Company insiders own 6.10% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co upped their price target on shares of Autodesk from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, March 7th. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price target on shares of Autodesk in a research note on Wednesday, March 7th. Barclays upped their price target on shares of Autodesk from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, CIBC reissued an “outperform” rating and issued a $145.00 target price (up previously from $135.00) on shares of Autodesk in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $139.76.
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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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