Adidas (ADDYY) Expected to Announce Earnings on Wednesday

Adidas (OTCMKTS:ADDYY) is anticipated to post its results before the market opens on Wednesday, October 29th. Analysts expect Adidas to post earnings of $1.57 per share and revenue of $6.2218 billion for the quarter.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.30 billion. Adidas had a return on equity of 20.66% and a net margin of 4.93%. On average, analysts expect Adidas to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Adidas Trading Up 0.8%

Shares of Adidas stock opened at $110.53 on Friday. The stock has a market cap of $39.47 billion, a P/E ratio of 30.12, a P/E/G ratio of 0.58 and a beta of 1.22. The stock’s 50 day simple moving average is $105.21 and its 200-day simple moving average is $112.15. Adidas has a 1-year low of $94.33 and a 1-year high of $137.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADDYY shares. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. BTIG Research began coverage on Adidas in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

About Adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.