adidas AG (OTCMKTS:ADDYY) – Equities researchers at Wedbush raised their FY2018 earnings per share (EPS) estimates for adidas in a report released on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now forecasts that the company will post earnings of $4.62 per share for the year, up from their prior forecast of $4.55. Wedbush currently has a “Neutral” rating on the stock.
A number of other research analysts have also issued reports on ADDYY. Zacks Investment Research lowered adidas from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Pivotal Research restated a “hold” rating on shares of adidas in a research report on Monday, November 6th. Wells Fargo & Co started coverage on adidas in a research report on Tuesday, November 7th. They set an “outperform” rating and a $220.00 price target for the company. Finally, Robert W. Baird reduced their price target on adidas from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $185.75.
adidas (OTCMKTS ADDYY) opened at $111.59 on Thursday. adidas has a 12-month low of $76.41 and a 12-month high of $118.98. The stock has a market capitalization of $48,010.00, a P/E ratio of 36.00, a P/E/G ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.38.
adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.02. adidas had a return on equity of 20.96% and a net margin of 5.43%.
A number of hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in adidas by 3.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock worth $144,000 after acquiring an additional 54 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of adidas by 37.4% in the third quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after buying an additional 1,294 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in shares of adidas in the third quarter valued at $226,000. Wellington Shields & Co. LLC acquired a new stake in shares of adidas in the third quarter valued at $232,000. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of adidas by 36.0% in the second quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after buying an additional 2,920 shares during the period. Institutional investors own 0.09% of the company’s stock.
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adidas Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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