ADIDAS AG/S (OTCMKTS:ADDYY) – Equities research analysts at Piper Jaffray Companies cut their Q4 2018 earnings per share (EPS) estimates for ADIDAS AG/S in a research report issued to clients and investors on Wednesday, November 7th. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will earn $0.25 per share for the quarter, down from their prior estimate of $0.35. Piper Jaffray Companies also issued estimates for ADIDAS AG/S’s Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $5.56 EPS, Q1 2020 earnings at $1.94 EPS, Q2 2020 earnings at $1.48 EPS, Q3 2020 earnings at $2.42 EPS and FY2020 earnings at $6.33 EPS.
Several other equities research analysts have also recently weighed in on ADDYY. ValuEngine upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut ADIDAS AG/S from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Co cut ADIDAS AG/S from an “outperform” rating to a “hold” rating in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $165.50.
ADIDAS AG/S stock opened at $115.25 on Friday. The company has a market capitalization of $48.11 billion, a P/E ratio of 29.10, a PEG ratio of 1.58 and a beta of 1.00. ADIDAS AG/S has a 52 week low of $98.23 and a 52 week high of $133.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.35 and a quick ratio of 0.82.
ADIDAS AG/S (OTCMKTS:ADDYY) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The firm had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.15 billion. ADIDAS AG/S had a net margin of 6.63% and a return on equity of 24.90%.
Large investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its stake in ADIDAS AG/S by 41,462.5% in the second quarter. Sit Investment Associates Inc. now owns 9,975 shares of the company’s stock worth $1,087,000 after acquiring an additional 9,951 shares during the period. Mitchell Capital Management Co. lifted its stake in ADIDAS AG/S by 36.7% in the second quarter. Mitchell Capital Management Co. now owns 4,747 shares of the company’s stock worth $517,000 after acquiring an additional 1,274 shares during the period. Hartwell J M Limited Partnership lifted its stake in ADIDAS AG/S by 13.2% in the second quarter. Hartwell J M Limited Partnership now owns 4,300 shares of the company’s stock worth $469,000 after acquiring an additional 500 shares during the period. Finally, Park National Corp OH purchased a new stake in ADIDAS AG/S in the third quarter worth $209,000. 0.18% of the stock is owned by hedge funds and other institutional investors.
About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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