Equities analysts predict that Adobe Systems Incorporated (NASDAQ:ADBE) will report $1.95 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Adobe Systems’ earnings, with estimates ranging from $1.93 billion to $1.96 billion. Adobe Systems reported sales of $1.61 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.1%. The firm is expected to announce its next quarterly earnings results on Thursday, December 21st.

According to Zacks, analysts expect that Adobe Systems will report full-year sales of $1.95 billion for the current fiscal year, with estimates ranging from $7.24 billion to $7.25 billion. For the next year, analysts anticipate that the company will post sales of $8.69 billion per share, with estimates ranging from $8.66 billion to $8.72 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Adobe Systems.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.09. The firm 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%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS.

Several brokerages have recently commented on ADBE. Vetr upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating and set a $198.52 target price for the company in a research note on Wednesday. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Barclays restated a “buy” rating and issued a $167.00 price target on shares of Adobe Systems in a research note on Friday, September 15th. Piper Jaffray Companies restated a “buy” rating and issued a $180.00 price target on shares of Adobe Systems in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company restated a “hold” rating and issued a $145.00 price target (up from $127.50) on shares of Adobe Systems in a research note on Wednesday, September 20th. Six investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Adobe Systems currently has an average rating of “Buy” and a consensus target price of $175.67.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $152.09, for a total value of $297,031.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew Thompson sold 2,190 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total value of $379,789.80. The disclosure for this sale can be found here. In the last three months, insiders sold 14,849 shares of company stock valued at $2,519,679. Insiders own 0.38% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Aviva PLC increased its position in Adobe Systems by 0.4% in the second quarter. Aviva PLC now owns 312,394 shares of the software company’s stock worth $44,194,000 after buying an additional 1,250 shares during the last quarter. Bender Robert & Associates purchased a new stake in Adobe Systems in the third quarter worth $3,476,000. Arcadia Investment Management Corp MI increased its position in Adobe Systems by 6.9% in the second quarter. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company’s stock worth $4,886,000 after buying an additional 2,242 shares during the last quarter. BARING ASSET MANAGEMENT Ltd increased its position in Adobe Systems by 12.0% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company’s stock worth $3,776,000 after buying an additional 2,864 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in Adobe Systems in the second quarter worth $411,000. 87.45% of the stock is owned by hedge funds and other institutional investors.

Adobe Systems (NASDAQ:ADBE) opened at $176.85 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.05 and a current ratio of 2.05. Adobe Systems has a one year low of $98.00 and a one year high of $186.27. The company has a market capitalization of $91,391.63, a P/E ratio of 55.84, a PEG ratio of 3.15 and a beta of 1.05.

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

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