adidas AG Expected to Post Q2 2022 Earnings of $1.15 Per Share (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYYGet Rating) – Equities researchers at Telsey Advisory Group dropped their Q2 2022 EPS estimates for shares of adidas in a note issued to investors on Monday, May 9th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $1.15 per share for the quarter, down from their prior forecast of $1.25. Telsey Advisory Group currently has a “Outperform” rating on the stock. Telsey Advisory Group also issued estimates for adidas’ Q3 2022 earnings at $2.24 EPS, FY2022 earnings at $4.94 EPS, Q1 2023 earnings at $1.25 EPS, Q2 2023 earnings at $1.40 EPS, Q3 2023 earnings at $2.28 EPS, Q4 2023 earnings at $0.84 EPS and FY2023 earnings at $5.78 EPS.

adidas (OTCMKTS:ADDYYGet Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19. adidas had a return on equity of 18.90% and a net margin of 10.01%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.83 billion.

A number of other equities research analysts also recently weighed in on ADDYY. HSBC upgraded adidas from a “hold” rating to a “buy” rating in a research report on Friday, March 11th. Credit Suisse Group cut their price objective on adidas from €205.00 ($215.79) to €193.00 ($203.16) and set an “underperform” rating for the company in a research report on Monday. Zacks Investment Research upgraded adidas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th. Robert W. Baird upgraded adidas from a “neutral” rating to an “outperform” rating in a research report on Friday, March 25th. Finally, Baader Bank downgraded adidas to a “reduce” rating and set a €190.00 ($200.00) price objective for the company. in a research report on Wednesday, April 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $256.56.

Shares of ADDYY stock opened at $92.03 on Wednesday. The firm has a market capitalization of $35.90 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.11. adidas has a 12-month low of $90.25 and a 12-month high of $199.44. The business has a 50 day simple moving average of $109.38 and a 200 day simple moving average of $132.53.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Common Asset Management LLC increased its stake in shares of adidas by 11.1% in the third quarter. Boston Common Asset Management LLC now owns 33,746 shares of the company’s stock worth $5,315,000 after acquiring an additional 3,385 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of adidas in the fourth quarter worth $172,000. Sky Investment Group LLC increased its stake in shares of adidas by 4.1% in the first quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock worth $1,679,000 after acquiring an additional 570 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of adidas in the fourth quarter worth $894,000. Finally, Henry James International Management Inc. increased its position in adidas by 9.9% during the fourth quarter. Henry James International Management Inc. now owns 4,043 shares of the company’s stock worth $582,000 after buying an additional 364 shares during the last quarter. 0.04% of the stock is currently owned by institutional investors and hedge funds.

About adidas (Get Rating)

adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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Earnings History and Estimates for adidas (OTCMKTS:ADDYY)

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