adidas AG (OTCMKTS:ADDYY – Get Rating) – Investment analysts at Wedbush lowered their Q3 2022 earnings estimates for adidas in a research note issued on Wednesday, July 27th. Wedbush analyst T. Nikic now forecasts that the company will post earnings per share of $1.49 for the quarter, down from their prior estimate of $2.21. The consensus estimate for adidas' current full-year earnings is $4.53 per share. Wedbush also issued estimates for adidas' Q4 2022 earnings at $0.19 EPS, FY2022 earnings at $3.37 EPS and FY2023 earnings at $4.49 EPS.
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Several other brokerages have also commented on ADDYY. Societe Generale lowered adidas from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. DZ Bank lowered adidas from a "buy" rating to a "hold" rating in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on adidas from €240.00 ($244.90) to €210.00 ($214.29) and set a "buy" rating for the company in a research note on Wednesday, July 27th. UBS Group lowered adidas from a "buy" rating to a "neutral" rating in a research note on Friday. Finally, Morgan Stanley lowered their price objective on adidas from €255.00 ($260.20) to €235.00 ($239.80) in a research note on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $229.13.
adidas Stock Performance
OTCMKTS ADDYY opened at $86.14 on Monday. The business's 50-day moving average price is $89.51 and its 200 day moving average price is $107.32. adidas has a twelve month low of $76.71 and a twelve month high of $199.44. The company has a market capitalization of $33.61 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.
adidas (OTCMKTS:ADDYY – Get Rating) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. adidas had a return on equity of 16.50% and a net margin of 9.64%. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.63 billion.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Todd Asset Management LLC bought a new stake in shares of adidas in the 2nd quarter worth approximately $2,685,000. Castleview Partners LLC bought a new stake in shares of adidas in the 4th quarter worth approximately $172,000. Kempner Capital Management Inc. bought a new stake in shares of adidas in the 2nd quarter worth approximately $933,000. Yousif Capital Management LLC bought a new stake in shares of adidas in the 4th quarter worth approximately $894,000. Finally, Mar Vista Investment Partners LLC lifted its holdings in shares of adidas by 12.6% in the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company's stock worth $4,196,000 after purchasing an additional 3,993 shares during the last quarter. Institutional investors own 0.04% of the company's stock.
adidas Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, May 23rd. Shareholders of record on Monday, May 16th were issued a dividend of $1.2952 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 13th. adidas's dividend payout ratio is presently 20.13%.
adidas Company Profile
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adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
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