Analysts Expect Adobe Systems Incorporated (ADBE) Will Announce Earnings of $1.26 Per Share

Wall Street analysts predict that Adobe Systems Incorporated (NASDAQ:ADBE) will report $1.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Adobe Systems’ earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.22. Adobe Systems reported earnings per share of $0.94 in the same quarter last year, which suggests a positive year-over-year growth rate of 34%. The company 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 earnings of $5.50 per share for the current year, with EPS estimates ranging from $5.00 to $5.70. For the next financial year, analysts expect that the company will post earnings of $6.68 per share, with EPS estimates ranging from $6.00 to $7.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.10. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. Adobe Systems’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share.

A number of research firms have recently commented on ADBE. Vetr cut shares of Adobe Systems from a “buy” rating to a “hold” rating and set a $199.00 target price on the stock. in a research report on Monday. BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Cowen reissued an “outperform” rating and set a $165.00 target price on shares of Adobe Systems in a research report on Tuesday, October 3rd. Robert W. Baird reissued an “outperform” rating and set a $160.00 target price on shares of Adobe Systems in a research report on Thursday, September 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $165.00 target price on shares of Adobe Systems in a research report on Thursday, September 21st. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $187.00.

Shares of Adobe Systems (ADBE) traded down $0.29 during mid-day trading on Friday, reaching $196.20. 2,539,300 shares of the company’s stock were exchanged, compared to its average volume of 2,590,725. The firm has a market capitalization of $96,480.00, a PE ratio of 57.88, a price-to-earnings-growth ratio of 2.52 and a beta of 1.05. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23. Adobe Systems has a 1 year low of $108.04 and a 1 year high of $198.21.

In other Adobe Systems news, Director Amy Banse bought 1,125 shares of the stock in a transaction on Monday, December 18th. The stock was purchased at an average price of $177.35 per share, for a total transaction of $199,518.75. Following the completion of the purchase, the director now directly owns 31,453 shares in the company, valued at $5,578,189.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles M. Geschke sold 21,276 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $186.55, for a total transaction of $3,969,037.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,972 shares of company stock valued at $14,613,967. 0.38% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of Adobe Systems by 730.2% during the fourth quarter. State of Alaska Department of Revenue now owns 53,899 shares of the software company’s stock worth $9,444,000 after acquiring an additional 47,407 shares during the last quarter. Syntal Capital Partners LLC grew its position in shares of Adobe Systems by 78.6% during the fourth quarter. Syntal Capital Partners LLC now owns 9,108 shares of the software company’s stock worth $1,596,000 after acquiring an additional 4,009 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Adobe Systems by 673.0% during the fourth quarter. Acadian Asset Management LLC now owns 207,363 shares of the software company’s stock worth $36,338,000 after acquiring an additional 180,536 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Adobe Systems by 4.1% during the fourth quarter. Moody National Bank Trust Division now owns 7,686 shares of the software company’s stock worth $1,347,000 after acquiring an additional 305 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Adobe Systems by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,664,315 shares of the software company’s stock worth $291,655,000 after acquiring an additional 63,647 shares during the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

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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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