On December, 13 Analysts See $1.56 EPS for Adobe Inc. (ADBE)

November 8, 2018 - By Ashley Bratcher

Adobe Inc. (NASDAQ:ADBE) Corporate Logo
During 2018 Q2 the big money sentiment increased to 0.97. That’s change of 0.07, from 2018Q1’s 0.9. 40 investors sold all, 411 reduced holdings as Adobe Inc. ratio is positive. 320 rose holdings while 119 funds amassed holdings. Funds hold 398.19 million shares thus 1.84% less from 2018Q1’s 405.65 million shares.
Winslow Evans & Crocker stated it has 5,110 shs or 0.39% of all its holdings. 129,234 are owned by Bankshares Of Nova Scotia. Orrstown has 5,923 shs. Landscape Capital Ltd Liability holds 1,871 shs or 0.04% of its capital. Hanson Mcclain Inc reported 1,737 shs stake. Tci Wealth Incorporated holds 0.11% or 1,044 shs in its capital. Oppenheimer Asset Mngmt reported 71,464 shs stake. Prescott Gru Capital Mgmt holds 0.09% or 1,900 shs. Sunbelt Secs holds 0.12% in Adobe Inc. (NASDAQ:ADBE) or 827 shs. Mackay Shields Ltd Liability Co owns 171,965 shs for 0.29% of their capital. Fukoku Mutual Life Insurance Co invested in 0.17% or 5,040 shs. 862,939 are held by Eaton Vance Mgmt. Davis R M accumulated 1,536 shs or 0.01% of the stock. Pittenger Anderson holds 1,610 shs. The Ontario – Canada-based Tdam Usa has invested 0.12% in Adobe Inc. (NASDAQ:ADBE).

Adobe Inc. had 8 selling transactions and 0 insider buys since May 16, 2018. This’s net activity of $11.94 million. On Wednesday, July 25 Rencher Bradley had sold 15,000 shs worth $3.94 million. $1.53 million worth of stock was sold by GESCHKE CHARLES M on Monday, June 18. $2.73M worth of stock was sold by Parasnis Abhay on Friday, July 20.

Adobe Inc. (NASDAQ:ADBE)’s earnings report is awaited on December, 13., as reported by RTT. Analysts have expectation on stock’s earnings per share of $1.56. That’s up 48.57 % from last year’s $1.05 earnings per share. If the current earnings per share of $1.56 is accurate, ADBE’s profit could reach $761.49 million. Last quarter $1.42 earnings per share was reported. Analysts forecasts 9.86 % EPS growth this quarter. Ticker’s shares touched $249.96 during the last trading session after 1.37% change.Currently Adobe Inc. is uptrending after 71.32% change in last November 9, 2017. ADBE has also 2.38 million shares volume. ADBE outperformed the S&P500 by 55.70%.

Adobe Inc. (NASDAQ:ADBE) Ratings Coverage

Total analysts of 15 have positions in Adobe (NASDAQ:ADBE) as follows: 11 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 73%. Since May 22, 2018 according to StockzIntelligence Inc Adobe has 19 analyst reports. On Friday, September 14 Credit Suisse maintained Adobe Inc. (NASDAQ:ADBE) with “Outperform” rating. On Monday, September 17 Argus Research maintained Adobe Inc. (NASDAQ:ADBE) rating. Argus Research has “Buy” rating and $320 target. On Friday, June 15 the firm has “Neutral” rating given by JP Morgan. In Friday, June 15 report Stifel Nicolaus maintained the stock with “Buy” rating. On Friday, September 14 Robert W. Baird maintained Adobe Inc. (NASDAQ:ADBE) with “Outperform” rating. In Friday, September 14 report BMO Capital Markets maintained it with “Outperform” rating and $295 target. In Friday, September 14 report Citigroup maintained the stock with “Buy” rating. On Tuesday, June 12 the stock has “Overweight” rating by Barclays Capital. On Friday, September 14 Bank of America maintained the shares of ADBE in report with “Buy” rating. On Friday, September 14 the firm earned “Overweight” rating by KeyBanc Capital Markets.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The firm is worth $122.01 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.51.66 is the 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.

For more Adobe Inc. (NASDAQ:ADBE) news published briefly go to: Seekingalpha.com, Nasdaq.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Adobe: Great Stock For The Down Cycle” published on October 21, 2018, “Adobe Systems Inc. (ADBE) Is Rising On Forecast” on October 16, 2018, “The Reliability Of Adobe” with a publish date: November 08, 2018, “Adobe: Can’t Ignore Its Growth Rates” and the last “Adobe: Expanding Net Margins And Digital Media Products Are Driving Growth” with publication date: November 02, 2018.

Adobe Inc. (NASDAQ:ADBE) Analyst Ratings Chart

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