Adobe Systems (ADBE) Expected to Announce Earnings of $1.54 Per Share
- Jo Ellis
The stock has a market capitalization of $119.12 billion, a P/E ratio of 59.87, a price-to-earnings-growth ratio of 2.79 and a beta of 1.04. The institutional investor held 31,481 shares of the prepackaged software company at the end of 2017Q4, valued at $5.52 million, up from 28,545 at the end of the previous reported quarter. The Company's commercial banking products also comprise deposit and treasury management services and products, such as Internet banking products, investment sweep and zero balance accounts, automated tax payments, ATM access, telephone banking, lockboxes, automated clearing house transactions, account reconciliation, controlled disbursement, information reporting, wire transfers, vault services, remote deposit capture, and checking accounts; capital markets and global banking services; and credit, deposit, and treasury management services for real estate operators and investors.
The stock decreased 0.96% or $0.42 during the last trading session, reaching $43.13. About 648,511 shares traded.
The current market cap of Adobe Systems Incorporated is valued at $117.29B. ADBE outperformed the S&P500 by 55.16%. Former ADBE's position will need 2 days to recover. P/E and P/B ratios both are used on a regular basis by the investor to measure the value of the company and to get the right amount of the share. The software company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.44 by $0.11. State Treasurer State Of Michigan owns 523,753 shares or 0.72% of their U.S. portfolio. About 27,771 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 15, 2017 and is uptrending. Ten analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 72% are positive. Encana Corporation had 130 analyst reports since July 21, 2015 according to SRatingsIntel. This short time frame picture represents an upward movement of current price over average price of last 20 days. Canaccord Genuity has "Buy" rating and $245 target. In Wednesday, December 13 report Bank of America maintained it with "Buy" rating and $220.0 target. The company's EPS growth rate for past five years was 15.30%. The stock has "Hold" rating by JMP Securities on Monday, March 26. Middleton Ma reported 0.95% in Adobe Systems Incorporated (NASDAQ:ADBE). Also Seekingalpha.com published the news titled: "Encana slips despite Q1 earnings beat, higher production" on May 01, 2018. 80% are bullish. 33 are the (NASDAQ:ADBE)'s analyst reports since November 22, 2017 according to StockzIntelligence Inc. The company was maintained on Friday, December 8 by RBC Capital Markets.
Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 15th. On Thursday, March 15 the rating was maintained by Barclays Capital with "Overweight". The stock has "Outperform" rating by Credit Suisse on Friday, March 16. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Wednesday, January 10 by Guggenheim. On Wednesday, January 24 the firm earned "Buy" rating by Jefferies. The rating was maintained by Morgan Stanley on Friday, June 16 with "Hold". As per Wednesday, October 14, the company rating was upgraded by Atlantic Securities.
Analysis of Analyst Stock Recommendation: – Adobe Systems Incorporated (ADBE)
A couple more Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released on April 16, 2018 "Adobe: A Well-Oiled Machine", also Investorplace.com on May 07, 2018 published "5 Top Stock Trades for Tuesday Morning", the next Seekingalpha.com is "DocuSign raises IPO price range" on April 25, 2018. Cerebellum GP LLC purchased a new stake in Adobe Systems during the fourth quarter valued at approximately $118,000.
As the P/E goes up, it shows that current investor sentiment is that the company is worth more. That's change of 0.22, from 2017Q3's 1.11. It dived, as 47 investors sold Adobe Systems Incorporated shares while 389 reduced holdings. 107 funds amassed stakes and 280 increased stakes. Millennium Management LLC now owns 1,439,110 shares of the software company's stock worth $252,190,000 after buying an additional 663,194 shares in the last quarter. Tiaa Cref Management Lc has 3.44M shares. Cypress Capital Group Inc invested in 10,698 shares. Ls Investment Ltd Liability Corporation stated it has 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). Adobe Systems Incorporated (NASDAQ:ADBE) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. Similarly, investors look up the share price over 12 month periods. Ifc Fl invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE).
Adobe Systems Incorporated (ADBE) closed the Friday at final price of $241.88 after traded 2241118 shares. Palisades Hudson Asset Mngmt Lp has invested 0.23% in Adobe Systems Incorporated (NASDAQ:ADBE). The ratio worsened, as 91 institutional investors started new and increased positions, while 64 cut down and sold their positions in MB Financial Inc. Earnest Prns Ltd Co holds 230 shares. Cetera Advisor Network Ltd reported 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).
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