As of close of business last night, Adobe Inc’s stock clocked out at $521.19, up 1.43% from its previous closing price of $513.86. In other words, the price has increased by $+7.33 from its previous closing price. On the day, 7079052 shares were traded.
Ratios:
To gain a deeper understanding of ADBE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.16.
BMO Capital Markets reiterated its Outperform rating for the stock on December 08, 2023, while the target price for the stock was revised from $670 to $690.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Garfield Mark S. sold 263 shares for $496.68 per share. The transaction valued at 130,627 led to the insider holds 4,073 shares of the business.
Belsky Scott sold 864 shares of ADBE for $531,723 on Jan 25 ’24. The Chief Strategy Officer & EVP now owns 22,644 shares after completing the transaction at $615.42 per share. On Jan 25 ’24, another insider, Garfield Mark S., who serves as the SVP & CAO of the company, sold 788 shares for $615.42 each. As a result, the insider received 484,951 and left with 4,055 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADBE now has a Market Capitalization of 232.45B and an Enterprise Value of 228.69B. As of this moment, Adobe’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.79, and their Forward P/E ratio for the next fiscal year is 25.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.84 while its Price-to-Book (P/B) ratio in mrq is 14.36. Its current Enterprise Value per Revenue stands at 11.78 whereas that against EBITDA is 29.38.
Stock Price History:
Over the past 52 weeks, ADBE has reached a high of $638.25, while it has fallen to a 52-week low of $331.89. The 50-Day Moving Average of the stock is 583.42, while the 200-Day Moving Average is calculated to be 550.44.
Shares Statistics:
It appears that ADBE traded 3.37M shares on average per day over the past three months and 5.53M shares per day over the past ten days. A total of 455.00M shares are outstanding, with a floating share count of 449.48M. Insiders hold about 0.68% of the company’s shares, while institutions hold 83.51% stake in the company. Shares short for ADBE as of Feb 29, 2024 were 5.4M with a Short Ratio of 1.60, compared to 5.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.20%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.12.
Earnings Estimates
As of right now, 26 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $4.39 for the current quarter, with a high estimate of $4.55 and a low estimate of $4.35, while EPS last year was $3.91. The consensus estimate for the next quarter is $4.48, with high estimates of $4.78 and low estimates of $4.39.
Analysts are recommending an EPS of between $18.83 and $17.77 for the fiscal current year, implying an average EPS of $18.03. EPS for the following year is $20.37, with 31 analysts recommending between $21.91 and $19.74.
Revenue Estimates
A total of 34 analysts have provided revenue estimates for ADBE’s current fiscal year. The highest revenue estimate was $21.75B, while the lowest revenue estimate was $21.35B, resulting in an average revenue estimate of $21.46B. In the same quarter a year ago, actual revenue was $17.89B, up 20.00% from the average estimate. Based on 34 analysts’ estimates, the company’s revenue will be $23.93B in the next fiscal year. The high estimate is $24.74B and the low estimate is $23.51B. The average revenue growth estimate for next year is up 11.50% from the average revenue estimate for this year.
