adidas AG (OTCMKTS:ADDYY – Get Rating) – Stock analysts at Wedbush decreased their Q3 2022 earnings estimates for adidas in a research report issued to clients and investors on Thursday, August 4th. Wedbush analyst T. Nikic now forecasts that the company will post earnings of $1.48 per share for the quarter, down from their previous estimate of $1.49. The consensus estimate for adidas' current full-year earnings is $3.55 per share. Wedbush also issued estimates for adidas' Q4 2022 earnings at $0.15 EPS.
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adidas (OTCMKTS:ADDYY – Get Rating) last issued its earnings results on Friday, May 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.13. adidas had a net margin of 9.02% and a return on equity of 15.55%. The company had revenue of $5.95 billion for the quarter, compared to analysts' expectations of $5.63 billion.
ADDYY has been the subject of several other reports. Societe Generale lowered shares of adidas from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. Exane BNP Paribas lowered shares of adidas from an "outperform" rating to a "neutral" rating in a research report on Monday, May 16th. Royal Bank of Canada decreased their price objective on shares of adidas from €205.00 ($211.34) to €190.00 ($195.88) and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Credit Suisse Group decreased their price objective on shares of adidas from €155.00 ($159.79) to €145.00 ($149.48) in a research report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of adidas from €240.00 ($247.42) to €210.00 ($216.49) and set a "buy" rating for the company in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $229.13.
adidas Stock Performance
ADDYY stock opened at $87.94 on Monday. The firm has a market cap of $34.31 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.33 and a beta of 0.90. The firm has a 50-day simple moving average of $88.88 and a two-hundred day simple moving average of $105.32. adidas has a one year low of $76.71 and a one year high of $189.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.44.
adidas Cuts Dividend
The business also recently declared a dividend, which was paid on Monday, May 23rd. Stockholders of record on Monday, May 16th were issued a dividend of $1.2952 per share. The ex-dividend date was Friday, May 13th. This represents a dividend yield of 1.4%. adidas's dividend payout ratio is presently 21.42%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Private Capital Group LLC raised its holdings in adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company's stock valued at $84,000 after buying an additional 91 shares during the period. PNC Financial Services Group Inc. raised its holdings in adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company's stock valued at $151,000 after buying an additional 675 shares during the period. Equitable Trust Co. raised its holdings in adidas by 6.1% in the 2nd quarter. Equitable Trust Co. now owns 2,428 shares of the company's stock valued at $214,000 after buying an additional 140 shares during the period. OLD National Bancorp IN purchased a new stake in adidas in the 2nd quarter valued at about $224,000. Finally, Capital Square LLC raised its holdings in adidas by 79.7% in the 1st quarter. Capital Square LLC now owns 3,791 shares of the company's stock valued at $446,000 after buying an additional 1,681 shares during the period. Hedge funds and other institutional investors own 0.04% of the company's stock.
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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