Brokerages expect Adobe Systems (NASDAQ:ADBE) to post earnings per share (EPS) of $1.54 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Adobe Systems’ earnings. The lowest EPS estimate is $1.50 and the highest is $1.60. Adobe Systems reported earnings per share of $1.02 during the same quarter last year, which indicates a positive year over year growth rate of 51%. The firm is scheduled to announce its next earnings results on Tuesday, June 19th.

On average, analysts expect that Adobe Systems will report full-year earnings of $6.39 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.63. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.20 per share, with EPS estimates ranging from $6.79 to $7.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Adobe Systems.

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Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 15th. The software company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Adobe Systems had a net margin of 24.40% and a return on equity of 24.42%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The firm’s revenue was up 23.6% compared to the same quarter last year.

ADBE has been the topic of a number of recent analyst reports. Vetr lowered shares of Adobe Systems from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective on the stock. in a report on Monday, December 18th. Zacks Investment Research lowered shares of Adobe Systems from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Stephens reiterated a “buy” rating and issued a $210.00 price objective on shares of Adobe Systems in a report on Wednesday, January 3rd. BidaskClub upgraded shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Finally, Barclays boosted their price objective on shares of Adobe Systems from $193.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Adobe Systems currently has an average rating of “Buy” and an average target price of $217.88.

Shares of ADBE stock opened at $226.52 on Friday. Adobe Systems has a 12 month low of $129.11 and a 12 month high of $231.34. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $110,342.90, a price-to-earnings ratio of 63.10, a PEG ratio of 2.59 and a beta of 1.04.

In other Adobe Systems news, Chairman Shantanu Narayen sold 165,023 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $197.89, for a total transaction of $32,656,401.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Lewnes sold 2,940 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $223.86, for a total transaction of $658,148.40. Following the transaction, the executive vice president now directly owns 76,201 shares of the company’s stock, valued at $17,058,355.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,310 shares of company stock valued at $58,931,687. Insiders own 0.33% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC acquired a new position in Adobe Systems during the 4th quarter valued at about $118,000. Community Bank N.A. acquired a new position in Adobe Systems during the 4th quarter valued at about $122,000. Avestar Capital LLC acquired a new position in Adobe Systems during the 4th quarter valued at about $109,000. Truewealth LLC acquired a new position in Adobe Systems during the 4th quarter valued at about $162,000. Finally, We Are One Seven LLC acquired a new position in Adobe Systems during the 4th quarter valued at about $173,000. 87.25% of the stock is owned by hedge funds and other institutional investors.

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Adobe Systems Company Profile

Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment's flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

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

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