Adidas (OTCMKTS:ADDYY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Adidas (OTCMKTS:ADDYY) announced its quarterly earnings data on Wednesday. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05, Zacks reports. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion.

Adidas Trading Up 1.1%

Shares of ADDYY stock traded up $0.94 on Friday, hitting $87.49. The company had a trading volume of 21,171 shares, compared to its average volume of 110,322. The firm has a market cap of $31.26 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.27 and a beta of 1.22. The stock’s 50-day moving average is $82.59 and its two-hundred day moving average is $90.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. Adidas has a twelve month low of $75.19 and a twelve month high of $126.59.

Wall Street Analyst Weigh In

ADDYY has been the subject of several recent analyst reports. Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 target price on shares of Adidas in a research report on Tuesday, January 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Citigroup reiterated a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. Finally, Santander assumed coverage on Adidas in a research report on Thursday, January 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.