Adidas (ADDYY) Expected to Announce Quarterly Earnings on Wednesday

Adidas (OTCMKTS:ADDYY) is anticipated to announce its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $6.1530 billion for the quarter.

Adidas Trading Up 1.3%

Shares of OTCMKTS ADDYY opened at $94.75 on Wednesday. Adidas has a 1-year low of $84.03 and a 1-year high of $131.79. The company has a 50-day moving average of $93.40 and a two-hundred day moving average of $97.91. The company has a market cap of $33.84 billion, a PE ratio of 24.80, a P/E/G ratio of 0.42 and a beta of 1.18. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

ADDYY has been the topic of several research reports. Royal Bank Of Canada downgraded Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Citigroup restated a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. Santander assumed coverage on Adidas in a report on Thursday, January 15th. They issued an “outperform” rating on the stock. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $146.02 price objective on shares of Adidas in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.