Adidas (ADDYY) to Announce Earnings on Thursday

Adidas (OTCMKTS:ADDYY) is anticipated to issue its resultson Thursday, July 30th. Analysts expect the company to post earnings of $1.41 per share and revenue of $7.5668 billion for the quarter.

Adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.36 billion. Adidas had a return on equity of 22.97% and a net margin of 5.52%. On average, analysts expect Adidas to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Adidas Stock Performance

Shares of OTCMKTS ADDYY opened at $102.55 on Tuesday. Adidas has a 12 month low of $75.19 and a 12 month high of $118.00. The company has a market cap of $36.64 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.28 and a beta of 1.24. The business’s 50 day moving average is $99.32 and its two-hundred day moving average is $90.65. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating on shares of Adidas in a research note on Wednesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Adidas in a research note on Thursday, July 2nd. They set an “overweight” rating for the company. Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.02.

About Adidas

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.