Autodesk (NASDAQ:ADSK) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.95-0.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.93. The company issued revenue guidance of $2.533-2.543 billion, compared to the consensus revenue estimate of $2.5 billion.Autodesk also updated its Q4 2019 guidance to $0.40-0.44 EPS.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Autodesk from a sell rating to a hold rating in a research note on Tuesday, August 28th. BidaskClub raised shares of Autodesk from a hold rating to a buy rating in a research report on Wednesday, August 29th. Robert W. Baird increased their price target on shares of Autodesk from $155.00 to $165.00 and gave the stock an outperform rating in a research report on Friday, August 24th. Griffin Securities increased their price target on shares of Autodesk from $165.00 to $170.00 and gave the stock a buy rating in a research report on Friday, August 24th. Finally, Credit Suisse Group increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $163.74.

NASDAQ:ADSK traded down $2.69 during mid-day trading on Tuesday, hitting $123.05. The stock had a trading volume of 3,644,136 shares, compared to its average volume of 2,129,715. The stock has a market cap of $29.30 billion, a price-to-earnings ratio of -76.91, a price-to-earnings-growth ratio of 112.77 and a beta of 1.97. Autodesk has a twelve month low of $101.55 and a twelve month high of $159.94.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $600.36 million. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, research analysts predict that Autodesk will post 0.05 EPS for the current fiscal year.

In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lorrie M. Norrington sold 5,001 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total transaction of $783,906.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,009 shares of company stock worth $4,431,583. 0.14% of the stock is owned by corporate insiders.

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Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Earnings History and Estimates for Autodesk (NASDAQ:ADSK)

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