Q3 2019 EPS Estimates for ADIDAS AG/S Decreased by Analyst (OTCMKTS:ADDYY)

ADIDAS AG/S (OTCMKTS:ADDYY) – Investment analysts at Piper Jaffray Companies decreased their Q3 2019 earnings estimates for ADIDAS AG/S in a research note issued to investors on Thursday, August 8th. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will earn $2.08 per share for the quarter, down from their previous forecast of $2.14. Piper Jaffray Companies also issued estimates for ADIDAS AG/S’s FY2019 earnings at $5.50 EPS, Q3 2020 earnings at $2.35 EPS and FY2020 earnings at $6.31 EPS.

Other research analysts have also recently issued reports about the company. ValuEngine upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Zacks Investment Research upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Tuesday, May 14th. Credit Suisse Group cut ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada reiterated an “outperform” rating on shares of ADIDAS AG/S in a report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, Berenberg Bank upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $154.00.

ADDYY opened at $146.70 on Monday. ADIDAS AG/S has a one year low of $101.48 and a one year high of $165.01. The firm has a market capitalization of $58.40 billion, a PE ratio of 29.64, a PEG ratio of 1.80 and a beta of 0.69. The firm has a 50 day simple moving average of $155.52. The company has a quick ratio of 0.95, a current ratio of 1.39 and a debt-to-equity ratio of 0.23.

Large investors have recently added to or reduced their stakes in the business. Private Capital Group LLC lifted its stake in ADIDAS AG/S by 182.3% during the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock worth $134,000 after purchasing an additional 711 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in ADIDAS AG/S by 29.5% during the first quarter. Boston Common Asset Management LLC now owns 2,895 shares of the company’s stock worth $352,000 after purchasing an additional 660 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in ADIDAS AG/S by 32.3% during the first quarter. Quadrant Capital Group LLC now owns 5,418 shares of the company’s stock worth $644,000 after purchasing an additional 1,324 shares in the last quarter. Todd Asset Management LLC acquired a new position in ADIDAS AG/S during the first quarter worth $2,876,000. Finally, Parametric Portfolio Associates LLC lifted its stake in ADIDAS AG/S by 3.6% during the first quarter. Parametric Portfolio Associates LLC now owns 382,837 shares of the company’s stock worth $46,649,000 after purchasing an additional 13,309 shares in the last quarter. Institutional investors own 0.14% of the company’s stock.

About ADIDAS AG/S

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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Earnings History and Estimates for ADIDAS AG/S (OTCMKTS:ADDYY)

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