Autodesk (NASDAQ:ADSK) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.910-$5.060 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.900. The company issued revenue guidance of $4.35 billion-$4.39 billion, compared to the consensus revenue estimate of $4.36 billion.Autodesk also updated its Q3 2022 guidance to $1.220-$1.280 EPS.
Shares of NASDAQ:ADSK opened at $283.19 on Wednesday. The firm has a market cap of $62.26 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32. The firm's fifty day moving average is $309.78 and its 200-day moving average is $292.31. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.50 and a current ratio of 0.50. Autodesk has a 52 week low of $215.83 and a 52 week high of $344.39.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, August 24th. The software company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Autodesk had a net margin of 32.54% and a return on equity of 69.10%. Autodesk's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Autodesk will post 2.89 EPS for the current year.
A number of equities analysts recently weighed in on ADSK shares. Morgan Stanley lowered their target price on shares of Autodesk from $334.00 to $324.00 and set an equal weight rating for the company in a research note on Thursday, September 2nd. Barclays lifted their target price on shares of Autodesk from $340.00 to $370.00 and gave the stock an overweight rating in a research note on Tuesday, August 24th. Guggenheim reissued a hold rating on shares of Autodesk in a research note on Monday, September 6th. KeyCorp lifted their target price on shares of Autodesk from $345.00 to $365.00 and gave the stock an overweight rating in a research note on Thursday, August 19th. Finally, Canaccord Genuity lifted their price target on shares of Autodesk from $260.00 to $295.00 and gave the company a buy rating in a research note on Thursday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of $330.11.
In related news, CAO Stephen W. Hope sold 262 shares of the business's stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $286.46, for a total transaction of $75,052.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Deborah Clifford sold 5,481 shares of the business's stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $289.81, for a total transaction of $1,588,448.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,134 shares of company stock worth $9,917,059. 0.11% of the stock is owned by corporate insiders.
Autodesk Company Profile
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.
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