Adidas (ADDYY) Expected to Announce Earnings on Wednesday

Adidas (OTCMKTS:ADDYY) is expected to be announcing its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $6.2218 billion for the quarter.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.30 billion. Adidas had a return on equity of 20.66% and a net margin of 4.93%. On average, analysts expect Adidas to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Adidas Stock Up 0.8%

Shares of ADDYY opened at $110.53 on Friday. Adidas has a 12-month low of $94.33 and a 12-month high of $137.73. The business’s 50 day moving average is $105.21 and its 200 day moving average is $112.15. The company has a current ratio of 1.25, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $39.47 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 0.58 and a beta of 1.22.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BTIG Research assumed coverage on shares of Adidas in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Adidas

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.