Q3 2024 EPS Estimates for adidas AG Decreased by Analyst (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYY) – Equities research analysts at Telsey Advisory Group dropped their Q3 2024 EPS estimates for shares of adidas in a report issued on Wednesday, April 17th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $1.30 for the quarter, down from their prior forecast of $1.33. The consensus estimate for adidas’ current full-year earnings is $1.71 per share. Telsey Advisory Group also issued estimates for adidas’ FY2026 earnings at $5.41 EPS.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, March 13th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.36). The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%.

Several other brokerages also recently commented on ADDYY. Royal Bank of Canada raised shares of adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

adidas Stock Performance

Shares of ADDYY stock opened at $119.40 on Friday. The company has a market capitalization of $45.75 billion, a price-to-earnings ratio of -542.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. The company has a 50-day simple moving average of $105.62 and a 200 day simple moving average of $99.52. adidas has a 52 week low of $79.58 and a 52 week high of $120.75.

adidas Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th will be paid a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio (DPR) is -104.55%.

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC raised its stake in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares in the last quarter. Mar Vista Investment Partners LLC raised its position in shares of adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of adidas in the 4th quarter valued at approximately $45,000. Capital Square LLC acquired a new position in shares of adidas in the 4th quarter valued at approximately $1,405,000. Finally, Comerica Bank acquired a new position in shares of adidas in the 2nd quarter valued at approximately $247,000.

adidas Company Profile

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.