Analysts See $1.25 EPS for Adobe Systems Incorporated (ADBE)

May 17, 2018 - By Marguerite Chambers

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It is negative, as 47 investors sold Adobe Systems Incorporated shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported.
Moreover, Folger Nolan Fleming Douglas Cap Management has 0.3% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Signaturefd Limited Liability Company holds 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,473 shares. Sequoia Advsrs invested 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Argent Trust Co reported 2,626 shares stake. 207,363 are held by Acadian Asset Ltd Limited Liability Company. Century stated it has 2.61 million shares or 0.46% of all its holdings. M&T Bank & Trust owns 83,299 shares for 0.08% of their portfolio. Orrstown Fincl Services owns 7,420 shares. Cls Limited Liability accumulated 13,208 shares. Lathrop Invest Mgmt accumulated 110,363 shares. Birch Hill Investment Advisors Ltd Liability owns 2,051 shares. Badgley Phelps & Bell holds 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE) or 1,525 shares. C M Bidwell Assocs holds 0.56% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 3,675 shares. Duncker Streett & Company holds 0.04% or 1,000 shares in its portfolio. Moreover, Vontobel Asset Management has 0.23% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 185,680 shares.

Since December 13, 2017, it had 1 insider buy, and 16 insider sales for $87.08 million activity. 21,276 shares were sold by GESCHKE CHARLES M, worth $3.97M on Wednesday, January 10. Lewnes Ann sold $680,503 worth of stock. $671,316 worth of stock was sold by WARNOCK JOHN E on Wednesday, April 11. On Monday, February 5 DILLON MICHAEL A sold $3.51M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 18,079 shares. $32.66M worth of stock was sold by NARAYEN SHANTANU on Wednesday, January 24. Banse Amy bought $199,520 worth of stock or 1,125 shares.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $1.25 EPS on June, 19.They anticipate $0.44 EPS change or 54.32 % from last quarter’s $0.81 EPS. ADBE’s profit would be $615.59 million giving it 47.48 P/E if the $1.25 EPS is correct. After having $1.28 EPS previously, Adobe Systems Incorporated’s analysts see -2.34 % EPS growth. The stock increased 0.33% or $0.79 during the last trading session, reaching $237.39. About 1.66 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 17, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 20 analysts covering Adobe Systems (NASDAQ:ADBE), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Adobe Systems had 33 analyst reports since November 22, 2017 according to SRatingsIntel. Credit Suisse maintained the shares of ADBE in report on Monday, March 12 with “Buy” rating. The rating was maintained by Cowen & Co on Monday, December 11 with “Buy”. The firm earned “Buy” rating on Tuesday, March 13 by Bank of America. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, March 16. The firm has “Buy” rating given on Thursday, December 14 by Canaccord Genuity. The stock has “Buy” rating by Robert W. Baird on Friday, December 15. The rating was maintained by Cowen & Co with “Buy” on Friday, March 16. The stock has “Buy” rating by Guggenheim on Wednesday, January 10. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 22. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, January 24 by Jefferies.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $116.91 billion. The Company’s 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. It has a 63.32 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, also Investorplace.com with their article: “25 Unstoppable Stocks to Buy No Matter What” published on May 16, 2018, Benzinga.com published: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” on May 16, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Nasdaq.com and their article: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “DocuSign raises IPO price range” with publication date: April 25, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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