Q4 2022 EPS Estimates for adidas AG (OTCMKTS:ADDYY) Lowered by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYYGet Rating) – Stock analysts at Telsey Advisory Group dropped their Q4 2022 earnings per share estimates for adidas in a research note issued on Monday, May 9th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $0.72 per share for the quarter, down from their prior estimate of $0.80. Telsey Advisory Group currently has a “Outperform” rating on the stock.

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

Several other analysts have also recently commented on ADDYY. JPMorgan Chase & Co. decreased their price target on shares of adidas from €290.00 ($305.26) to €260.00 ($273.68) in a research note on Tuesday. HSBC raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Morgan Stanley decreased their price target on shares of adidas from €255.00 ($268.42) to €235.00 ($247.37) in a research note on Tuesday. Sanford C. Bernstein initiated coverage on shares of adidas in a research note on Monday, March 14th. They set an “outperform” rating on the stock. Finally, UBS Group decreased their price target on shares of adidas from €359.00 ($377.89) to €348.00 ($366.32) and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, adidas presently has a consensus rating of “Buy” and a consensus price target of $256.56.

ADDYY opened at $93.15 on Thursday. adidas has a one year low of $90.25 and a one year high of $199.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.11. The company’s 50 day simple moving average is $109.04 and its 200-day simple moving average is $132.25. The stock has a market capitalization of $36.34 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.

Several hedge funds and other institutional investors have recently made changes to their positions in ADDYY. Private Capital Group LLC raised its holdings in shares of adidas by 14.6% during the first quarter. Private Capital Group LLC now owns 713 shares of the company’s stock worth $84,000 after acquiring an additional 91 shares during the period. Captrust Financial Advisors raised its holdings in shares of adidas by 11.8% during the third quarter. Captrust Financial Advisors now owns 1,423 shares of the company’s stock worth $225,000 after acquiring an additional 150 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of adidas by 78.7% during the third quarter. PNC Financial Services Group Inc. now owns 520 shares of the company’s stock worth $82,000 after acquiring an additional 229 shares during the period. Henry James International Management Inc. raised its holdings in shares of 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 acquiring an additional 364 shares during the period. Finally, Laffer Tengler Investments raised its holdings in shares of adidas by 30.5% during the third quarter. Laffer Tengler Investments now owns 1,817 shares of the company’s stock worth $287,000 after acquiring an additional 425 shares during the period. 0.04% of the stock is currently owned by institutional investors.

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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