Adidas (ADDYY) Expected to Post Earnings on Thursday

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

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. Adidas had a net margin of 5.52% and a return on equity of 22.97%. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.36 billion. 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 ADDYY opened at $103.37 on Wednesday. The company has a 50 day moving average price of $99.69 and a 200-day moving average price of $90.72. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $118.00. The stock has a market capitalization of $36.94 billion, a PE ratio of 22.77, a PEG ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.35.

Analysts Set New Price Targets

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