Adobe Systems Incorporated (ADBE) EPS Estimated At $0.96

December 15, 2017 - By Richard Conner

 Adobe Systems Incorporated (ADBE) EPS Estimated At $0.96
Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It improved, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported.
X Mgmt Com Limited Com holds 3,293 shares. 728,147 are owned by State Board Of Administration Of Florida Retirement System. Retail Bank Of Montreal Can has invested 0.09% in Adobe Systems Incorporated (NASDAQ:ADBE). Stevens Cap Mgmt Limited Partnership holds 132,835 shares or 0.71% of its portfolio. Mirae Asset Investments Communications Limited holds 0.62% or 253,531 shares in its portfolio. 3,744 were reported by Wealth Architects Limited. Geneva Advisors owns 534,393 shares for 1.3% of their portfolio. Harding Loevner Limited Partnership, a New Jersey-based fund reported 90 shares. Brown Mgmt Limited Liability invested 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Cwm Llc holds 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 748 shares. Tower Bridge has 4,000 shares for 0% of their portfolio. Strategy Asset Managers Llc holds 1.53% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 52,603 shares. Signature Investment Advisors Limited Liability Co accumulated 0.01% or 866 shares. Richard Bernstein Advisors Limited accumulated 0.3% or 27,979 shares. Argent Tru has 0.1% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,637 shares.

Since August 9, 2017, it had 0 insider purchases, and 5 insider sales for $2.45 million activity. Lewnes Ann sold $304,434 worth of stock. THOMPSON MATTHEW also sold $379,784 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $0.96 EPS on December, 21.They anticipate $0.13 EPS change or 15.66 % from last quarter’s $0.83 EPS. ADBE’s profit would be $473.23M giving it 45.99 P/E if the $0.96 EPS is correct. After having $0.90 EPS previously, Adobe Systems Incorporated’s analysts see 6.67 % EPS growth. The stock decreased 0.14% or $0.2438 during the last trading session, reaching $176.5862. About 1.50M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 15, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 129 analyst reports since August 11, 2015 according to SRatingsIntel. Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with “Equal-Weight” rating. Citigroup maintained the shares of ADBE in report on Friday, March 18 with “Buy” rating. On Friday, March 18 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was maintained by S&P Research with “Hold” on Monday, September 21. Citigroup maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by Bernstein on Friday, March 18. The firm has “Buy” rating by Argus Research given on Monday, December 14. The firm has “Buy” rating given on Monday, December 11 by Cowen & Co. The rating was maintained by Cowen & Co on Wednesday, August 30 with “Buy”. The firm earned “Overweight” rating on Wednesday, November 22 by KeyBanc Capital Markets.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $87.05 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 55.01 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: Investorplace.com which released: “You’ll Have to Pay Up for Adobe Systems Incorporated” on November 29, 2017, also Investorplace.com with their article: “Why Adobe Systems Incorporated Stock Is up and Still Going Strong” published on November 17, 2017, Seekingalpha.com published: “Adobe Earnings: Place Your Bets Now” on December 13, 2017. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “How Investors Need to Approach Adobe Systems Incorporated” published on December 14, 2017 as well as Investorplace.com‘s news article titled: “Adobe Systems Incorporated (ADBE) Shares Rise on Earnings Beat” with publication date: December 14, 2017.

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