Adidas (OTCMKTS:ADDYY) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Adidas (OTCMKTS:ADDYY) announced its earnings results on Thursday. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.19), Zacks reports. Adidas had a net margin of 5.52% and a return on equity of 22.97%.

Adidas Price Performance

Shares of OTCMKTS:ADDYY traded down $12.55 on Thursday, reaching $90.97. 289,310 shares of the company traded hands, compared to its average volume of 95,923. The stock has a market capitalization of $32.51 billion, a PE ratio of 20.04, a P/E/G ratio of 1.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 0.71. The company’s 50 day moving average is $100.03 and its 200-day moving average is $90.77. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $118.00.

Analysts Set New Price Targets

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