Adidas (OTCMKTS:ADDYY) Announces Earnings Results, Beats Estimates By $0.42 EPS

Key Points

• Adidas reported quarterly EPS of $2.34, beating analysts’ consensus estimate of $1.92 by $0.42. The company posted a 5.30% net margin and 22.35% return on equity.
• Shares rose $5.15 to $93.34 during Thursday trading, with Adidas valued at approximately $33.35 billion and trading at a P/E ratio of 20.56.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $146.00.

Adidas (OTCMKTS:ADDYY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.42, Zacks reports. Adidas had a net margin of 5.30% and a return on equity of 22.35%.

Adidas Price Performance

OTCMKTS:ADDYY traded up $5.15 during trading hours on Thursday, reaching $93.34. 51,690 shares of the company traded hands, compared to its average volume of 98,361. The firm's 50-day moving average is $85.49 and its 200-day moving average is $89.51. Adidas has a 1-year low of $75.19 and a 1-year high of $107.57. The stock has a market cap of $33.35 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.39 and a quick ratio of 0.74.

Wall Street Analysts Forecast Growth

ADDYY has been the topic of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating on shares of Adidas in a research report on Wednesday, July 15th. Barclays upgraded shares of Adidas from an "equal weight" rating to an "overweight" rating in a report on Tuesday, September 1st. Telsey Advisory Group reiterated an "outperform" rating on shares of Adidas in a report on Friday, July 31st. Citigroup reiterated a "buy" rating on shares of Adidas in a research note on Wednesday, October 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $146.00 price objective on shares of Adidas in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.00.

About Adidas

Adidas AG is a Germany-based global sporting goods company that designs, develops, markets and sells athletic footwear, apparel and accessories. Its products serve a broad range of sports and lifestyle categories, including running, football, basketball, training and outdoor activities, as well as casual and fashion-oriented markets.

Founded in 1949 by Adolf “Adi” Dassler, Adidas is headquartered in Herzogenaurach, Germany. The company sells products under the Adidas brand through wholesale partners, company-operated stores, e-commerce platforms and other direct-to-consumer channels.

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