Equities Analysts Set Expectations for Adobe FY2025 Earnings

Adobe Inc. (NASDAQ:ADBE) – Research analysts at DA Davidson raised their FY2025 earnings per share estimates for Adobe in a note issued to investors on Thursday, March 13th. DA Davidson analyst G. Luria now forecasts that the software company will post earnings per share of $16.65 for the year, up from their prior estimate of $16.61. DA Davidson currently has a “Buy” rating and a $625.00 price target on the stock. The consensus estimate for Adobe’s current full-year earnings is $16.65 per share.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.11. Adobe had a net margin of 25.85% and a return on equity of 45.87%. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same quarter in the previous year, the firm posted $4.48 earnings per share.

A number of other research firms have also recently issued reports on ADBE. Stifel Nicolaus cut their target price on shares of Adobe from $600.00 to $525.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Adobe from $550.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday. Bank of America reduced their price objective on Adobe from $605.00 to $528.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley cut their price objective on Adobe from $660.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Piper Sandler dropped their price target on shares of Adobe from $635.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $540.60.

Adobe Stock Performance

ADBE opened at $394.74 on Monday. The firm has a market capitalization of $171.87 billion, a PE ratio of 31.83, a PEG ratio of 2.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07. Adobe has a 52-week low of $374.50 and a 52-week high of $587.75. The business’s 50-day simple moving average is $437.03 and its 200 day simple moving average is $481.50.

Hedge Funds Weigh In On Adobe

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADBE. Legacy Investment Solutions LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new position in Adobe during the third quarter worth $30,000. True Wealth Design LLC lifted its holdings in shares of Adobe by 141.7% in the third quarter. True Wealth Design LLC now owns 58 shares of the software company’s stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Copia Wealth Management acquired a new position in Adobe in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC purchased a new position in shares of Adobe during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In related news, EVP Scott Belsky sold 3,819 shares of Adobe stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $430.24, for a total value of $1,643,086.56. Following the sale, the executive vice president now directly owns 18,334 shares in the company, valued at approximately $7,888,020.16. The trade was a 17.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Ricks purchased 2,250 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price of $443.98 per share, for a total transaction of $998,955.00. Following the completion of the transaction, the director now directly owns 4,984 shares of the company’s stock, valued at $2,212,796.32. The trade was a 82.30 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,075 shares of company stock worth $2,191,826. Insiders own 0.16% of the company’s stock.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.