adidas AG to Post FY2023 Earnings of $7.25 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:ADDYY)

Friday, June 11, 2021 | MarketBeat

adidas AG (OTCMKTS:ADDYY) - Equities research analysts at Jefferies Financial Group increased their FY2023 EPS estimates for adidas in a research note issued to investors on Thursday, June 10th. Jefferies Financial Group analyst J. Grzinic now forecasts that the company will post earnings per share of $7.25 for the year, up from their previous forecast of $7.11. Jefferies Financial Group has a "Buy" rating on the stock. adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, March 9th. The company reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40. adidas had a net margin of 4.88% and a return on equity of 13.77%. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.64 billion.

Several other research analysts have also weighed in on the company. Royal Bank of Canada reiterated a "sector perform" rating on shares of adidas in a research report on Friday, February 26th. Societe Generale upgraded adidas from a "hold" rating to a "buy" rating in a report on Thursday, March 11th. Citigroup restated a "buy" rating on shares of adidas in a report on Friday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of adidas in a research report on Thursday, April 15th. Finally, Zacks Investment Research upgraded shares of adidas from a "hold" rating to a "buy" rating and set a $203.00 price target for the company in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and an average target price of $203.00.

Shares of OTCMKTS ADDYY opened at $179.00 on Friday. The firm has a market cap of $70.16 billion, a P/E ratio of 59.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.10. The business's 50 day moving average price is $171.00. adidas has a 1 year low of $128.31 and a 1 year high of $186.81.

The firm also recently declared a dividend, which was paid on Tuesday, May 25th. Stockholders of record on Friday, May 14th were given a dividend of $1.7749 per share. The ex-dividend date was Thursday, May 13th. This represents a dividend yield of 1.13%. adidas's dividend payout ratio is presently 105.69%.

Hedge funds have recently made changes to their positions in the stock. DSM Capital Partners LLC purchased a new stake in adidas during the 4th quarter worth approximately $25,000. Sierra Capital LLC purchased a new stake in shares of adidas during the first quarter worth $179,000. Rhumbline Advisers acquired a new stake in shares of adidas in the fourth quarter valued at $285,000. Captrust Financial Advisors raised its stake in shares of adidas by 22.8% in the fourth quarter. Captrust Financial Advisors now owns 2,504 shares of the company's stock valued at $458,000 after acquiring an additional 465 shares in the last quarter. Finally, Hancock Whitney Corp boosted its holdings in adidas by 1.8% in the first quarter. Hancock Whitney Corp now owns 3,639 shares of the company's stock valued at $572,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 0.14% of the company's stock.

About adidas

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

Recommended Story: What does the Dogs of the Dow mean?

Earnings History and Estimates for adidas (OTCMKTS:ADDYY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Options Trading - What is a Straddle?

7 Stocks That Can Help You Profit From Summer Shortages

One of the lingering impacts of the Covid-19 pandemic is the supply chain disruptions that continue to bedevil many sectors. By now, every investor is aware of the global chip shortage that is disrupting many sectors that were projected to have strong growth in 2021.

But there are many more sectors that are being affected by supply chain disruptions. And this affects everything from big-ticket items like cars to everyday items like pet food and even bacon.

The focus of this special presentation is seven companies that stand to benefit from the current disruption in the supply chain. All of these companies delivered strong gains in 2020. Some of them have weakened in 2021, but that was before the full extent of the supply chain weakness was discovered.

As the economy reopens, the shortage of items is likely to continue and become much more notable. When they do, many of these stocks may get overpriced. That’s why now is the time to get in on these stocks that can help you work the supply chain in your favor.

View the "7 Stocks That Can Help You Profit From Summer Shortages".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.