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

adidas AG (OTCMKTS:ADDYY) – Stock analysts at Telsey Advisory Group lowered their Q3 2024 EPS estimates for shares of adidas in a report issued on Wednesday, May 1st. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $1.23 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for adidas’ current full-year earnings is $1.83 per share. Telsey Advisory Group also issued estimates for adidas’ Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $0.06 EPS and FY2026 earnings at $5.66 EPS.

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

Several other equities research analysts have also recently weighed in on ADDYY. Morgan Stanley raised adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Royal Bank of Canada upgraded adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

adidas Trading Up 0.3 %

Shares of adidas stock opened at $121.18 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.66 and a current ratio of 1.22. The business has a 50 day moving average of $110.33 and a 200 day moving average of $101.59. adidas has a 52 week low of $79.58 and a 52 week high of $125.54.

adidas Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.2394 per share. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is presently -109.09%.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of adidas in the fourth quarter worth about $45,000. Fisher Asset Management LLC boosted its stake in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the period. Capital Square LLC purchased a new stake in adidas during the 4th quarter valued at approximately $1,405,000. Finally, Mar Vista Investment Partners LLC raised its position in shares of adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after buying an additional 2,000 shares during the last quarter.

About adidas

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.