Q3 2024 EPS Estimates for adidas AG (OTCMKTS:ADDYY) Decreased by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Analysts at Telsey Advisory Group decreased their Q3 2024 earnings per share estimates for shares of adidas in a research report issued on Wednesday, April 17th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $1.30 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for adidas’ current full-year earnings is $1.81 per share. Telsey Advisory Group also issued estimates for adidas’ FY2026 earnings at $5.41 EPS.

Several other research firms also recently issued reports on ADDYY. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a report on Monday. Royal Bank of Canada raised adidas from a “sector perform” rating to an “outperform” rating in a report on Monday, February 5th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, adidas presently has a consensus rating of “Buy”.

adidas Trading Up 2.1 %

OTCMKTS:ADDYY opened at $119.73 on Friday. The stock’s fifty day moving average price is $105.09 and its two-hundred day moving average price is $99.18. adidas has a 52-week low of $79.58 and a 52-week high of $120.75. The company has a quick ratio of 0.66, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital Square LLC bought a new stake in shares of adidas in the 4th quarter valued at $1,405,000. Rhumbline Advisers bought a new stake in shares of adidas in the 2nd quarter valued at $809,000. Mar Vista Investment Partners LLC increased its position 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 valued at $4,196,000 after buying an additional 3,993 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after buying an additional 2,749 shares in the last quarter. Finally, Comerica Bank bought a new stake in shares of adidas in the 2nd quarter valued at $247,000.

adidas Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be paid a $0.2394 dividend. The ex-dividend date is Friday, May 17th. adidas’s dividend payout ratio (DPR) is currently -109.09%.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.