Adidas (ADDYY) Projected to Announce Quarterly Earnings on Thursday

Adidas (OTCMKTS:ADDYY) is projected to release its resultson Thursday, July 30th. Analysts expect the company to post earnings of $1.38 per share and revenue of $7.5668 billion for the quarter.

Adidas (OTCMKTS:ADDYY) last posted its earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations 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 Price Performance

Shares of OTCMKTS ADDYY opened at $102.23 on Thursday. The firm has a market capitalization of $36.53 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $98.48 and its two-hundred day simple moving average is $90.62. Adidas has a twelve month low of $75.19 and a twelve month high of $119.25.

Analysts Set New Price Targets

ADDYY has been the subject of several recent analyst reports. Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. began coverage on shares of Adidas in a research note on Thursday, July 2nd. They issued an “overweight” rating for the company. Finally, Piper Sandler reissued an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Adidas presently has a consensus rating of “Moderate Buy” and a consensus price target 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.