Q2 2019 EPS Estimates for ADIDAS AG/S Increased by Piper Jaffray Companies (ADDYY)
ADIDAS AG/S (OTCMKTS:ADDYY) – Piper Jaffray Companies lifted their Q2 2019 earnings per share estimates for ADIDAS AG/S in a note issued to investors on Wednesday, March 13th. Piper Jaffray Companies analyst E. Murphy now anticipates that the company will post earnings per share of $1.27 for the quarter, up from their prior estimate of $1.25. Piper Jaffray Companies also issued estimates for ADIDAS AG/S’s Q3 2019 earnings at $2.21 EPS, FY2019 earnings at $5.48 EPS, Q3 2020 earnings at $2.49 EPS, Q4 2020 earnings at $0.43 EPS and FY2020 earnings at $6.22 EPS.
ADDYY has been the subject of several other research reports. Morgan Stanley downgraded shares of ADIDAS AG/S from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 24th. ValuEngine raised shares of ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. Wells Fargo & Co raised shares of ADIDAS AG/S from a “market perform” rating to an “outperform” rating in a report on Monday, February 25th. Zacks Investment Research downgraded shares of ADIDAS AG/S from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Finally, UBS Group reaffirmed a “neutral” rating on shares of ADIDAS AG/S in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $131.00.
A number of hedge funds and other institutional investors have recently modified their holdings of ADDYY. PNC Financial Services Group Inc. acquired a new stake in ADIDAS AG/S in the 4th quarter valued at about $181,000. Hancock Whitney Corp lifted its holdings in ADIDAS AG/S by 7.8% in the 4th quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock valued at $265,000 after acquiring an additional 185 shares during the last quarter. Fairfield Bush & CO. lifted its holdings in ADIDAS AG/S by 21.4% in the 3rd quarter. Fairfield Bush & CO. now owns 2,840 shares of the company’s stock valued at $347,000 after acquiring an additional 500 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in ADIDAS AG/S by 117.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,094 shares of the company’s stock valued at $410,000 after acquiring an additional 2,211 shares during the last quarter. Finally, Henry James International Management Inc. acquired a new stake in ADIDAS AG/S in the 3rd quarter valued at about $658,000. 0.12% of the stock is owned by institutional investors.
About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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