Wall Street analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to post earnings of $1.15 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Adobe Systems’ earnings. The lowest EPS estimate is $1.14 and the highest is $1.17. Adobe Systems posted earnings of $0.90 per share during the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The firm is scheduled to announce its next earnings results on Thursday, December 21st.

According to Zacks, analysts expect that Adobe Systems will report full-year earnings of $4.20 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.23. For the next fiscal year, analysts expect that the company will post earnings of $5.46 per share, with EPS estimates ranging from $5.11 to $5.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Adobe Systems.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data 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. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. Adobe Systems’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

A number of equities research analysts recently weighed in on the company. Vetr upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 price objective on the stock in a research report on Monday. BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $180.00 target price on shares of Adobe Systems in a report on Tuesday, September 12th. Barclays PLC reaffirmed a “buy” rating and set a $167.00 target price on shares of Adobe Systems in a report on Friday, September 15th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $145.00 target price (up from $127.50) on shares of Adobe Systems in a report on Wednesday, September 20th. Six analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $174.11.

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In other news, Director John E. Warnock sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $174.20, for a total value of $1,184,560.00. Following the completion of the transaction, the director now directly owns 16,088 shares of the company’s stock, valued at $2,802,529.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The disclosure for this sale can be found here. Insiders have sold a total of 14,849 shares of company stock valued at $2,519,679 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ADBE. Capital Advisors Ltd. LLC bought a new position in shares of Adobe Systems in the second quarter valued at approximately $100,000. CWM LLC grew its holdings in shares of Adobe Systems by 11.8% in the second quarter. CWM LLC now owns 748 shares of the software company’s stock valued at $106,000 after acquiring an additional 79 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Adobe Systems by 170.3% in the third quarter. Parkside Financial Bank & Trust now owns 900 shares of the software company’s stock valued at $135,000 after acquiring an additional 567 shares in the last quarter. BB&T Investment Services Inc. grew its holdings in shares of Adobe Systems by 42.4% in the third quarter. BB&T Investment Services Inc. now owns 923 shares of the software company’s stock valued at $138,000 after acquiring an additional 275 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Adobe Systems in the second quarter valued at approximately $141,000. 87.45% of the stock is owned by institutional investors.

Shares of Adobe Systems (NASDAQ ADBE) traded down $0.20 during mid-day trading on Friday, reaching $181.72. The company had a trading volume of 2,082,600 shares, compared to its average volume of 2,431,747. The company has a market cap of $89,577.60, a price-to-earnings ratio of 54.74, a P/E/G ratio of 3.09 and a beta of 1.05. Adobe Systems has a twelve month low of $98.00 and a twelve month high of $184.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05.

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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Earnings History and Estimates for Adobe Systems (NASDAQ:ADBE)

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