Adidas (ADDYY) Expected to Release Quarterly Earnings on Thursday

Adidas (OTCMKTS:ADDYY) is expected to announce its results before the market opens on Thursday, October 29th. Analysts expect Adidas to announce earnings of $1.92 per share and revenue of $8.14 billion for the quarter.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.16). The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.55 billion. Adidas had a return on equity of 22.35% and a net margin of 5.30%. On average, analysts expect Adidas to post $5.26 EPS for the current fiscal year and $6.60 EPS for the next fiscal year.

Adidas Stock Performance

OTCMKTS:ADDYY opened at $88.88 on Tuesday. The stock’s 50-day moving average is $85.56 and its 200-day moving average is $89.61. Adidas has a 1-year low of $75.19 and a 1-year high of $110.21. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.39. The stock has a market cap of $31.76 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, October 21st. Zacks Research lowered shares of Adidas from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Morgan Stanley restated an “overweight” rating on shares of Adidas in a research report on Thursday, September 10th. JPMorgan Chase & Co. initiated coverage on shares of Adidas in a research report on Thursday, July 2nd. They issued an “overweight” rating for the company. Finally, UBS Group downgraded shares of Adidas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Adidas has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Adidas Company Profile

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.