adidas AG (OTCMKTS:ADDYY) – Oppenheimer boosted their Q1 2018 earnings estimates for shares of adidas in a research report issued on Wednesday. Oppenheimer analyst A. Andreeva now expects that the company will post earnings per share of $1.58 for the quarter, up from their previous forecast of $1.48. Oppenheimer also issued estimates for adidas’ Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $5.08 EPS.
adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.08 billion. adidas had a net margin of 5.07% and a return on equity of 22.29%.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised shares of adidas from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Bank of America raised shares of adidas from a “neutral” rating to a “buy” rating in a report on Thursday, March 8th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $187.50.
Shares of adidas (OTCMKTS:ADDYY) opened at $119.65 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.38. The stock has a market cap of $47,877.82, a PE ratio of 39.75, a PEG ratio of 1.26 and a beta of 1.19. adidas has a 1-year low of $92.97 and a 1-year high of $120.70.
Several institutional investors and hedge funds have recently bought and sold shares of ADDYY. Parametric Portfolio Associates LLC raised its stake in adidas by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock worth $35,182,000 after acquiring an additional 17,631 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in adidas during the 4th quarter worth approximately $2,446,000. NorthCoast Asset Management LLC raised its stake in adidas by 24.1% during the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after acquiring an additional 3,285 shares during the period. Pacer Advisors Inc. raised its stake in adidas by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after acquiring an additional 1,294 shares during the period. Finally, Fairfield Bush & CO. bought a new stake in adidas during the 4th quarter worth approximately $288,000. 0.13% of the stock is currently owned by institutional investors.
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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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