Analysts count on Adobe Inc. (NASDAQ:ADBE – Get Ranking) to submit $3.30 earnings per share (EPS) for the present quarter, in line with Zacks. Eight analysts have issued estimates for Adobe’s earnings, with the bottom EPS estimate coming in at $3.29 and the best estimate coming in at $3.32. Adobe reported earnings of $3.03 per share throughout the identical quarter final 12 months, which might point out a optimistic year-over-year development fee of 8.9%. The agency is anticipated to report its subsequent quarterly earnings outcomes on Monday, January 1st.
Based on Zacks, analysts count on that Adobe will report full-year earnings of $13.58 per share for the present 12 months, with EPS estimates starting from $13.43 to $13.80. For the subsequent monetary 12 months, analysts count on that the corporate will report earnings of $15.92 per share, with EPS estimates starting from $15.51 to $16.32. Zacks Funding Analysis’s earnings per share averages are a median based mostly on a survey of analysts that comply with Adobe.
Adobe (NASDAQ:ADBE – Get Ranking) final launched its earnings outcomes on Tuesday, March twenty second. The software program firm reported $2.84 EPS for the quarter, beating the consensus estimate of $2.77 by $0.07. The corporate had income of $4.26 billion through the quarter, in comparison with analysts’ expectations of $4.24 billion. Adobe had a return on fairness of 36.47% and a web margin of 29.90%. The enterprise’s income for the quarter was up 9.1% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $2.64 EPS.
A variety of brokerages not too long ago commented on ADBE. Royal Financial institution of Canada decreased their worth goal on Adobe from $650.00 to $600.00 and set an “outperform” score for the corporate in a analysis word on Monday, March twenty first. JPMorgan Chase & Co. decreased their goal worth on Adobe from $645.00 to $540.00 in a report on Wednesday, March twenty third. Evercore ISI assumed protection on Adobe in a report on Wednesday, March twenty third. They issued a “purchase” score and a $650.00 worth goal on the inventory. Citigroup reduce their worth goal on Adobe from $611.00 to $455.00 and set a “impartial” score on the inventory in a report on Friday, March 18th. Lastly, StockNews.com downgraded Adobe from a “purchase” score to a “maintain” score in a analysis report on Tuesday. Seven analysts have rated the inventory with a maintain score and twenty have given a purchase score to the corporate. Primarily based on information from MarketBeat, the inventory at present has a consensus score of “Purchase” and a consensus goal worth of $584.63.
Shares of Adobe inventory opened at $397.88 on Thursday. The corporate has a fast ratio of 1.04, a present ratio of 1.04 and a debt-to-equity ratio of 0.26. Adobe has a 12 month low of $370.27 and a 12 month excessive of $699.54. The enterprise has a fifty day easy shifting common of $425.21 and a 200 day easy shifting common of $513.07. The inventory has a market cap of $188.00 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of two.10 and a beta of 1.09.
In different information, Director John E. Warnock offered 615 shares of the corporate’s inventory in a transaction that occurred on Thursday, April 14th. The inventory was offered at a median worth of $432.03, for a complete transaction of $265,698.45. Following the transaction, the director now owns 410,165 shares of the corporate’s inventory, valued at $177,203,584.95. The transaction was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, CAO Mark S. Garfield offered 463 shares of the corporate’s inventory in a transaction that occurred on Thursday, March twenty fourth. The shares had been offered at a median worth of $425.79, for a complete worth of $197,140.77. The disclosure for this sale could be discovered right here. Insiders have offered 11,538 shares of firm inventory price $4,793,387 during the last three months. 0.23% of the inventory is at present owned by insiders.
Institutional traders and hedge funds have not too long ago added to or decreased their stakes within the firm. Funding Analysis & Advisory Group Inc. boosted its holdings in shares of Adobe by 2,350.0% within the fourth quarter. Funding Analysis & Advisory Group Inc. now owns 49 shares of the software program firm’s inventory valued at $28,000 after buying an extra 47 shares through the interval. Ulland Funding Advisors LLC bought a brand new stake in Adobe through the fourth quarter price $28,000. Clear Funding Analysis LLC lifted its holdings in Adobe by 120.0% through the fourth quarter. Clear Funding Analysis LLC now owns 55 shares of the software program firm’s inventory price $31,000 after shopping for an extra 30 shares through the interval. Blue Bell Personal Wealth Administration LLC bought a brand new stake in Adobe through the fourth quarter price $33,000. Lastly, Benjamin Edwards Inc. bought a brand new stake in Adobe through the fourth quarter price $35,000. 82.54% of the inventory is at present owned by hedge funds and different institutional traders.
Adobe Firm Profile (Get Ranking)
Adobe Inc operates as a diversified software program firm worldwide. It operates by way of three segments: Digital Media, Digital Expertise, and Publishing and Promoting. The Digital Media phase provides merchandise, companies, and options that allow people, groups, and enterprises to create, publish, and promote content material; and Doc Cloud, a unified cloud-based doc companies platform.
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