Q1 2020 Earnings Estimate for ADIDAS AG/S Issued By Piper Jaffray Companies (OTCMKTS:ADDYY)

ADIDAS AG/S (OTCMKTS:ADDYY) – Equities research analysts at Piper Jaffray Companies reduced their Q1 2020 earnings per share (EPS) estimates for ADIDAS AG/S in a research note issued to investors on Wednesday, November 6th. Piper Jaffray Companies analyst E. Murphy now anticipates that the company will earn $1.98 per share for the quarter, down from their previous forecast of $1.99. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for ADIDAS AG/S’s Q1 2021 earnings at $2.25 EPS, Q2 2021 earnings at $1.74 EPS and Q3 2021 earnings at $2.33 EPS.

ADIDAS AG/S (OTCMKTS:ADDYY) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. ADIDAS AG/S had a return on equity of 27.74% and a net margin of 8.56%. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.20 billion.

Several other research analysts have also recently issued reports on ADDYY. ValuEngine raised ADIDAS AG/S from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut ADIDAS AG/S from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. BNP Paribas initiated coverage on ADIDAS AG/S in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Sanford C. Bernstein initiated coverage on ADIDAS AG/S in a research report on Friday, September 20th. They issued a “market perform” rating on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of ADIDAS AG/S in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. ADIDAS AG/S has a consensus rating of “Hold” and an average target price of $154.00.

OTCMKTS:ADDYY traded down $0.93 on Friday, hitting $150.57. The stock had a trading volume of 30,433 shares, compared to its average volume of 40,642. The stock has a market cap of $61.81 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.76. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $153.56 and its two-hundred day simple moving average is $149.41. ADIDAS AG/S has a 52-week low of $101.48 and a 52-week high of $165.01.

Several hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of ADIDAS AG/S by 4.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 5,671 shares of the company’s stock valued at $863,000 after buying an additional 253 shares in the last quarter. MAI Capital Management increased its stake in ADIDAS AG/S by 8.0% in the 3rd quarter. MAI Capital Management now owns 4,542 shares of the company’s stock worth $707,000 after acquiring an additional 338 shares during the last quarter. Hartwell J M Limited Partnership increased its stake in ADIDAS AG/S by 11.4% in the 3rd quarter. Hartwell J M Limited Partnership now owns 3,900 shares of the company’s stock worth $607,000 after acquiring an additional 400 shares during the last quarter. Equitable Trust Co. increased its stake in ADIDAS AG/S by 4.2% in the 2nd quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock worth $6,194,000 after acquiring an additional 1,633 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in ADIDAS AG/S in the 3rd quarter worth approximately $356,000. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

ADIDAS AG/S Company Profile

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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