Adidas (OTCMKTS:ADDYY – Get Free Report) announced its earnings results on Thursday. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.16), Zacks reports. Adidas had a return on equity of 22.97% and a net margin of 5.52%.The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.55 billion.
Adidas Price Performance
Shares of ADDYY stock traded down $0.10 during trading hours on Friday, reaching $91.72. The company’s stock had a trading volume of 68,354 shares, compared to its average volume of 95,934. The firm’s 50 day simple moving average is $100.10 and its 200-day simple moving average is $90.73. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.34 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. Adidas has a fifty-two week low of $75.19 and a fifty-two week high of $118.00.
Analyst Ratings Changes
ADDYY has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating on shares of Adidas in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Tuesday, June 30th. Zacks Research upgraded Adidas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. initiated coverage on Adidas in a research report on Thursday, July 2nd. They set an “overweight” rating on the stock. Finally, Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Adidas presently has a consensus rating of “Moderate Buy” and a consensus 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.
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