Equities research analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to post $2.04 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Adobe Systems’ earnings, with estimates ranging from $2.03 billion to $2.05 billion. Adobe Systems posted sales of $1.68 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The firm is expected to announce its next quarterly earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Adobe Systems will report full-year sales of $2.04 billion for the current financial year, with estimates ranging from $8.70 billion to $8.74 billion. For the next financial year, analysts forecast that the firm will post sales of $10.26 billion per share, with estimates ranging from $10.00 billion to $10.50 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Adobe Systems.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Stephens reissued a “buy” rating and issued a $210.00 price target on shares of Adobe Systems in a report on Wednesday. Vetr cut shares of Adobe Systems from a “strong-buy” rating to a “buy” rating and set a $200.90 price target on the stock. in a research report on Wednesday. Barclays reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Adobe Systems in a research report on Friday, September 15th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $145.00 price objective (up from $127.50) on shares of Adobe Systems in a research report on Wednesday, September 20th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Adobe Systems in a research report on Tuesday, September 12th. Eight analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $187.06.

Adobe Systems (NASDAQ:ADBE) opened at $181.04 on Thursday. Adobe Systems has a one year low of $103.50 and a one year 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 stock has a market cap of $89,240.00, a P/E ratio of 53.40, a PEG ratio of 2.25 and a beta of 1.05.

In other Adobe Systems news, Director John E. Warnock sold 6,800 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $174.20, for a total transaction of $1,184,560.00. Following the transaction, the director now directly owns 16,088 shares of the company’s stock, valued at approximately $2,802,529.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total transaction of $297,031.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,449 shares of company stock valued at $12,126,521. 0.38% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in shares of Adobe Systems by 170.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 900 shares of the software company’s stock worth $135,000 after purchasing an additional 567 shares during the period. BB&T Investment Services Inc. lifted its stake in shares of Adobe Systems by 42.4% in the 3rd quarter. BB&T Investment Services Inc. now owns 923 shares of the software company’s stock worth $138,000 after purchasing an additional 275 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Adobe Systems in the 2nd quarter worth approximately $141,000. Acrospire Investment Management LLC lifted its stake in shares of Adobe Systems by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the software company’s stock worth $141,000 after purchasing an additional 500 shares during the period. Finally, CWH Capital Management Inc. bought a new position in shares of Adobe Systems in the 2nd quarter worth approximately $141,000. 87.08% of the stock is currently owned by institutional investors.

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Adobe Systems Company Profile

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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