Adobe (NASDAQ:ADBE) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $7.80-7.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.77. The company issued revenue guidance of $11.15-11.15 billion, compared to the consensus revenue estimate of $11.16 billion.Adobe also updated its Q2 2019 guidance to $1.77-1.77 EPS.
NASDAQ ADBE traded up $3.31 on Thursday, hitting $267.69. The company had a trading volume of 3,556,614 shares, compared to its average volume of 2,972,077. The firm has a market cap of $129.31 billion, a PE ratio of 48.23, a PEG ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.13. Adobe has a 12-month low of $204.95 and a 12-month high of $277.61.
Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, December 13th. The software company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Adobe had a return on equity of 31.19% and a net margin of 28.69%. Adobe’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. On average, equities analysts predict that Adobe will post 6.21 EPS for the current fiscal year.
In other Adobe news, EVP Ann Lewnes sold 2,692 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $226.05, for a total value of $608,526.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles M. Geschke sold 21,258 shares of the company’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $232.71, for a total transaction of $4,946,949.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 282,344 shares of company stock worth $69,007,648. Corporate insiders own 0.32% of the company’s stock.
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Adobe Company Profile
Adobe Inc operates as a diversified software company worldwide. Its 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. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products.
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