Adidas (ADDYY) to Release Quarterly Earnings on Wednesday

Adidas (OTCMKTS:ADDYY) is anticipated to issue its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $6.1530 billion for the quarter.

Adidas Price Performance

ADDYY stock opened at $88.79 on Tuesday. The stock has a 50-day moving average price of $93.05 and a two-hundred day moving average price of $97.78. Adidas has a 12-month low of $84.03 and a 12-month high of $131.79. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a market cap of $31.71 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 0.42 and a beta of 1.15.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Bank of America reiterated an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Santander started coverage on shares of Adidas in a research report on Thursday, January 15th. They issued an “outperform” rating for the company. Sanford C. Bernstein restated an “outperform” rating and set a $146.02 target price on shares of Adidas in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.