Adidas (OTCMKTS:ADDYY - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $6.30 billion for the quarter.
Adidas (OTCMKTS:ADDYY - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.33 billion. Adidas had a return on equity of 17.85% and a net margin of 4.20%. On average, analysts expect Adidas to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Adidas Stock Performance
Shares of OTCMKTS:ADDYY traded up $0.99 during trading on Friday, reaching $116.96. The company had a trading volume of 50,305 shares, compared to its average volume of 61,382. The firm has a market capitalization of $41.77 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.72. The stock's fifty day moving average price is $119.93 and its 200 day moving average price is $122.02. Adidas has a fifty-two week low of $99.40 and a fifty-two week high of $137.73.
Adidas Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a $0.7565 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.62%. This is a positive change from Adidas's previous dividend of $0.24. Adidas's payout ratio is presently 24.76%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Baird R W raised Adidas from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. DZ Bank raised Adidas from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Piper Sandler started coverage on Adidas in a research report on Monday, May 5th. They issued an "overweight" rating on the stock. Berenberg Bank upgraded Adidas to a "hold" rating in a research report on Tuesday, April 15th. Finally, Hsbc Global Res upgraded Adidas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".
Check Out Our Latest Analysis on ADDYY
Adidas Company Profile
(
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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.
Further Reading
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