Wall Street analysts expect that Adobe Systems Incorporated (NASDAQ:ADBE) will announce earnings of $1.26 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Adobe Systems’ earnings. The highest EPS estimate is $1.28 and the lowest is $1.22. Adobe Systems posted earnings of $0.94 per share in the same quarter last year, which suggests a positive year over year growth rate of 34%. The business is scheduled to announce its next earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Adobe Systems will report full-year earnings of $5.49 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.65 per share, with EPS estimates ranging from $6.00 to $6.97. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Adobe Systems.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.10. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS.

A number of research firms have recently weighed in on ADBE. Citigroup upped their target price on shares of Adobe Systems from $163.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Vetr raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating and set a $198.52 target price on the stock in a research report on Wednesday, November 29th. Credit Suisse Group reaffirmed a “positive” rating and issued a $170.00 target price (up from $160.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $160.00 target price on shares of Adobe Systems in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $185.00 target price on shares of Adobe Systems in a research report on Thursday, October 19th. Eight analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $186.27.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total transaction of $297,031.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Banse bought 1,125 shares of the stock in a transaction on Monday, December 18th. The shares were bought at an average price of $177.35 per share, for a total transaction of $199,518.75. Following the purchase, the director now directly owns 31,453 shares in the company, valued at approximately $5,578,189.55. The disclosure for this purchase can be found here. In the last quarter, insiders sold 14,849 shares of company stock worth $2,554,091. 0.38% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Advisors Ltd. LLC bought a new position in shares of Adobe Systems in the 2nd quarter worth approximately $100,000. 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. Exane Derivatives lifted its stake in shares of Adobe Systems by 55.0% in the 3rd quarter. Exane Derivatives now owns 958 shares of the software company’s stock worth $143,000 after purchasing an additional 340 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Adobe Systems in the 2nd quarter worth approximately $141,000. Institutional investors and hedge funds own 87.08% of the company’s stock.

Shares of Adobe Systems (NASDAQ ADBE) traded down $1.77 during trading on Friday, reaching $174.97. 2,509,500 shares of the company’s stock were exchanged, compared to its average volume of 2,493,104. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $87,122.75, a P/E ratio of 49.93, a P/E/G ratio of 2.24 and a beta of 1.05. Adobe Systems has a fifty-two week low of $102.47 and a fifty-two week high of $186.27.

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

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