Analysts Expect Autodesk, Inc. (ADSK) to Post -$0.36 EPS

Author

21 May, 2017

Morgan Stanley raised its rating on Autodesk, Inc.to Overweight on 01/05/2017 in a reversal from its prior Equal-Weight rating. (NASDAQ:ADSK) hit a new 52-week high and has $104.99 target or 8.00% above today's $97.21 share price.

Shares of Autodesk, Inc. During the same quarter past year, the business earned $0.21 EPS. The firm is scheduled to announce its next earnings results after the market closes on Thursday, May 18th. Cypress Wealth Advisors LLC boosted its position in shares of Autodesk by 0.5% in the fourth quarter. They expect $-0.36 EPS, down 33.33% or $0.09 from last year's $-0.27 per share. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research analysts that follow Autodesk. (NASDAQ:ADSK) to report earnings on May, 18 for the fiscal quarter ending April 2017.

In terms of earnings per share, 19 analysts have a -0.15 EPS mean target for the quarter ending Jul-17, for the quarter ending Oct-17, 19 analysts have a -0.12 EPS mean target and for the quarter ending Oct-17 there are 20 estimates of -0.56 EPS. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The business had revenue of $478.80 million during the quarter, compared to analysts' expectations of $476.06 million. The lowest EPS estimate is ($0.41) and the highest is ($0.31).

01/11/2017 - Wells Fargo began new coverage on Autodesk, Inc. giving the company a "outperform" rating.

Autodesk, Inc. was covered by a number of analysts recently, 7 rated the stock as Buy, 4 rated Hold, 0 rated sell and 2 gave an Underperform. (NASDAQ:ADSK) earned "Neutral" rating by Rosenblatt on Tuesday, November 10.

By historical standards, Autodesk, Inc. remains a cheap stock. Royal Bank of Canada reaffirmed a sector perform rating and set a $87.00 target price (up previously from $84.00) on shares of Autodesk in a report on Friday, March 3rd. Robert W. Baird started coverage on shares of Autodesk in a research note on Tuesday, February 28th. For now, Autodesk, Inc.is the toast of Wall Street as its ABR stands at 2.10 with 7 out of 21 analysts rating the stock a buy. Autodesk has a consensus rating of "Buy" and a consensus price target of $92.29.

ILLEGAL ACTIVITY NOTICE: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. (NASDAQ:ADSK) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. If you are reading this story on another site, it was illegally copied and republished in violation of US & worldwide trademark and copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/autodesk-inc-adsk-svp-jan-becker-sells-2865-shares/785329.html. Pine River Capital Management Lp sold 121,701 shares as the company's stock rose 3.98% with the market. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3,954 shares valued at $337,146 were sold by Anagnost Andrew on Wednesday, March 29. The stock was sold at an average price of $85.08, for a total transaction of $4,686,887.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,067 shares of company stock worth $11,323,341. The 6 months bullish chart indicates low risk for the $21.70 billion company.

Institutional investors have recently added to or reduced their stakes in the company. 4,508 were reported by Brown Advisory Securities Ltd. Aqr Capital Management Ltd Llc has invested 0.01% in Autodesk, Inc. The mean target of $96.00 should be compared with the price when the stock was languishing around $49.82 a share. Finally, Tredje AP fonden raised its stake in shares of Autodesk by 3.0% in the fourth quarter. L P now owns 9,353,263 shares of the software company's stock valued at $692,235,000 after buying an additional 439,854 shares in the last quarter. State Street Corp now owns 7,940,724 shares of the software company's stock valued at $587,701,000 after buying an additional 172,176 shares in the last quarter. HighTower Advisors LLC now owns 28,525 shares of the software company's stock valued at $2,055,000 after buying an additional 19,321 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in shares of Autodesk by 23.7% in the fourth quarter. UBS Oconnor LLC now owns 188,512 shares of the software company's stock valued at $13,635,000 after buying an additional 88,512 shares in the last quarter.

Autodesk, Inc.(ADSK) shares saw a recent bid of $96.63 and 2.76M shares have exchanged hands in the recent trading session, yielding a 3.47% gain over the past week. The company has a 50-day moving average price of $86.95 and a 200-day moving average price of $80.54. Autodesk Inc. has $100 highest and $9 lowest target.

The Company serves customers in the architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries.


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