adidas AG (OTCMKTS:ADDYY) Expected to Post Q2 2024 Earnings of $0.38 Per Share

adidas AG (OTCMKTS:ADDYY) – Telsey Advisory Group reduced their Q2 2024 EPS estimates for adidas in a note issued to investors on Wednesday, May 1st. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.39. The consensus estimate for adidas’ current full-year earnings is $1.80 per share. Telsey Advisory Group also issued estimates for adidas’ Q4 2024 earnings at ($0.23) EPS, FY2024 earnings at $1.88 EPS and FY2025 earnings at $3.71 EPS.

Several other research firms also recently commented on ADDYY. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, adidas has a consensus rating of “Buy”.

adidas Price Performance

ADDYY stock opened at $121.18 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. adidas has a 52 week low of $79.58 and a 52 week high of $125.54. The firm has a 50 day moving average of $110.72 and a 200 day moving average of $101.92.

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

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of adidas during the 4th quarter worth approximately $45,000. Capital Square LLC purchased a new stake in adidas in the 4th quarter worth $1,405,000. Fisher Asset Management LLC raised its position in adidas by 27.5% during the fourth 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 period. Finally, Mar Vista Investment Partners LLC lifted its holdings in adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,000 shares in the last quarter.

adidas Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.2394 per share. The ex-dividend date is Friday, May 17th. adidas’s dividend payout ratio (DPR) is -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.