Adobe Systems (ADBE) Scheduled to Post Quarterly Earnings on Thursday
Adobe Systems (NASDAQ:ADBE) is set to issue its quarterly earnings data after the market closes on Thursday, December 14th.
Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. Adobe Systems had a net margin of 23.06% and a return on equity of 21.40%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts expect Adobe Systems to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Adobe Systems (NASDAQ ADBE) opened at $173.52 on Thursday. Adobe Systems has a fifty-two week low of $100.89 and a fifty-two week high of $186.27. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market cap of $83,031.32, a PE ratio of 50.74, a PEG ratio of 2.13 and a beta of 1.05.
Several equities analysts recently commented on ADBE shares. BidaskClub upgraded shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Jefferies Group started coverage on shares of Adobe Systems in a report on Thursday, August 24th. They set a “buy” rating and a $175.00 price target on the stock. Bank of America upped their price target on shares of Adobe Systems from $108.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, August 25th. Vetr downgraded shares of Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 price target on the stock. in a report on Thursday, August 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $160.00 price target on shares of Adobe Systems in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $176.50.
About Adobe Systems
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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