Autodesk (NASDAQ:ADSK) Releases Earnings Results, Beats Estimates By $996.16 EPS

Autodesk (NASDAQ:ADSK) issued its quarterly earnings data on Thursday. The software company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $996.16, Zacks reports. Autodesk had a net margin of 15.60% and a return on equity of 53.51%.

Autodesk Stock Up 1.9%

Shares of ADSK stock traded up $4.55 during trading hours on Thursday, reaching $241.55. 3,032,127 shares of the company’s stock were exchanged, compared to its average volume of 2,111,318. Autodesk has a 1 year low of $214.10 and a 1 year high of $329.09. The stock has a market cap of $51.00 billion, a PE ratio of 46.10, a PEG ratio of 1.54 and a beta of 1.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $239.10 and its two-hundred day moving average price is $261.01.

Trending Headlines about Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q1 revenue of $1.93 billion, up 18% year over year, and said the quarter came in ahead of expectations, supporting the stock. AUTODESK, INC. ANNOUNCES FISCAL 2027 FIRST QUARTER RESULTS
• Positive Sentiment: The company announced an all-cash agreement to acquire MaintainX for about $3.6 billion, a move that could strengthen Autodesk’s operations platform and broaden its design-to-operate ecosystem. Autodesk to acquire MaintainX, advancing unified platform in operations
• Positive Sentiment: Jefferies upgraded Autodesk to strong-buy and expected a modest revenue beat with steady guidance, adding to bullish sentiment before the report. Autodesk expected to deliver first quarter earnings beat, in-line outlook
• Neutral Sentiment: Autodesk’s earnings preview articles and analyst notes pointed to expectations for a solid quarter and unchanged full-year outlook, which helped frame today’s move but were not major standalone catalysts. Top Wall Street Forecasters Revamp Autodesk Expectations Ahead Of Q1 Earnings

Institutional Investors Weigh In On Autodesk

A number of large investors have recently modified their holdings of ADSK. Kemnay Advisory Services Inc. purchased a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Autodesk in the third quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Autodesk in the 4th quarter valued at $27,000. Swiss RE Ltd. purchased a new stake in shares of Autodesk in the 4th quarter valued at $32,000. Finally, Miller Capital Partners Inc. purchased a new stake in shares of Autodesk in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADSK. Barclays cut their price objective on shares of Autodesk from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price objective (up from $373.00) on shares of Autodesk in a research report on Monday, March 2nd. Arete Research cut their price objective on shares of Autodesk from $460.00 to $456.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Wolfe Research lifted their price objective on shares of Autodesk from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.96.

About Autodesk

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.