Autodesk (NASDAQ:ADSK) Releases Q4 Earnings Guidance

Autodesk (NASDAQ:ADSK) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.10-2.16 for the period, compared to the consensus 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.

Analyst Ratings Changes

Several analysts have recently weighed in on ADSK shares. Barclays lifted their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Rosenblatt Securities increased their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America boosted their price target on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price objective on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their target price on shares of Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $310.86.

Autodesk Trading Down 0.4 %

ADSK opened at $317.96 on Wednesday. The firm has a market capitalization of $68.36 billion, a price-to-earnings ratio of 65.02, a PEG ratio of 4.08 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company’s 50 day moving average price is $288.49 and its two-hundred day moving average price is $256.59.

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

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This trade represents a 50.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 in the last quarter. Company 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.