FY2024 EPS Estimates for adidas AG Lifted by Analyst (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYY) – Equities research analysts at Wedbush upped their FY2024 earnings per share (EPS) estimates for adidas in a note issued to investors on Tuesday, April 16th. Wedbush analyst T. Nikic now anticipates that the company will earn $1.41 per share for the year, up from their previous estimate of $1.36. The consensus estimate for adidas’ current full-year earnings is $1.81 per share.

adidas (OTCMKTS:ADDYY) last posted its quarterly 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). adidas had a negative net margin of 0.33% and a negative return on equity of 2.21%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.22 billion.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

adidas Stock Down 0.3 %

adidas stock opened at $119.40 on Friday. The company’s fifty day simple moving average is $105.62 and its 200-day simple moving average is $99.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. adidas has a 12 month low of $79.58 and a 12 month high of $120.75.

Institutional Investors Weigh In On adidas

A number of large investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC acquired a new position in adidas during the 4th quarter worth $45,000. PNC Financial Services Group Inc. lifted its position in adidas by 111.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after acquiring an additional 675 shares during the last quarter. Comerica Bank acquired a new position in adidas during the 2nd quarter worth $247,000. Rhumbline Advisers acquired a new position in adidas during the 2nd quarter worth $809,000. Finally, Fisher Asset Management LLC lifted its position in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares during the last quarter.

adidas Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 20th will be issued a $0.2394 dividend. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is presently -109.09%.

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.