Brokerages expect Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings per share (EPS) of $1.88 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Adobe Systems’ earnings. The lowest EPS estimate is $1.86 and the highest is $1.94. Adobe Systems reported earnings per share of $1.26 in the same quarter last year, which indicates a positive year-over-year growth rate of 49.2%. The business is scheduled to report its next quarterly earnings results on Thursday, December 13th.

On average, analysts expect that Adobe Systems will report full-year earnings of $6.80 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.87. For the next fiscal year, analysts expect that the company will report earnings of $7.76 per share, with EPS estimates ranging from $7.50 to $8.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Adobe Systems.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 13th. The software company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.04. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Adobe Systems had a net margin of 28.16% and a return on equity of 29.51%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS.

Several research analysts have weighed in on ADBE shares. Royal Bank of Canada upped their price objective on shares of Adobe Systems to $268.00 and gave the company an “outperform” rating in a research note on Monday, June 11th. They noted that the move was a valuation call. Barclays boosted their target price on shares of Adobe Systems from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 12th. BMO Capital Markets boosted their target price on shares of Adobe Systems from $260.00 to $278.00 and gave the stock an “outperform” rating in a research report on Friday, June 15th. Piper Jaffray Companies reissued an “overweight” rating and issued a $290.00 target price on shares of Adobe Systems in a research report on Friday, June 15th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $280.00 target price (up from $245.00) on shares of Adobe Systems in a research report on Friday, June 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Adobe Systems has a consensus rating of “Buy” and a consensus price target of $261.38.

In other Adobe Systems news, EVP Ann Lewnes sold 2,939 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $253.80, for a total value of $745,918.20. Following the completion of the sale, the executive vice president now directly owns 61,498 shares of the company’s stock, valued at approximately $15,608,192.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Abhay Parasnis sold 10,500 shares of the stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $260.01, for a total transaction of $2,730,105.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,320 shares of company stock valued at $5,031,554. 0.33% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC bought a new stake in Adobe Systems in the 2nd quarter valued at $107,000. Rainier Group Investment Advisory LLC bought a new stake in Adobe Systems in the 1st quarter valued at $130,000. Mount Yale Investment Advisors LLC bought a new stake in Adobe Systems in the 1st quarter valued at $132,000. Archford Capital Strategies LLC bought a new stake in Adobe Systems in the 1st quarter valued at $136,000. Finally, Bruderman Asset Management LLC bought a new stake in Adobe Systems in the 1st quarter valued at $149,000. 84.72% of the stock is owned by hedge funds and other institutional investors.

Adobe Systems stock traded down $0.02 during trading hours on Friday, hitting $266.32. The company had a trading volume of 50,959 shares, compared to its average volume of 3,005,530. The firm has a market cap of $129.70 billion, a PE ratio of 73.61, a P/E/G ratio of 2.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 1.66. Adobe Systems has a fifty-two week low of $143.95 and a fifty-two week high of $277.61.

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. Its 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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