Q3 2024 EPS Estimates for adidas AG Raised by Analyst (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYY) – Wedbush increased their Q3 2024 earnings per share estimates for adidas in a report released on Wednesday, July 31st. Wedbush analyst T. Nikic now forecasts that the company will post earnings of $1.06 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for adidas’ current full-year earnings is $1.78 per share.

Other analysts have also issued reports about the stock. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th. Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Telsey Advisory Group raised adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

adidas Trading Down 0.9 %

Shares of ADDYY stock opened at $120.42 on Friday. The firm has a market capitalization of $46.14 billion, a P/E ratio of 286.71 and a beta of 1.21. adidas has a 1 year low of $81.88 and a 1 year high of $130.44. The firm’s fifty day simple moving average is $122.25 and its 200 day simple moving average is $112.71. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49.

Institutional Trading of adidas

Several institutional investors have recently made changes to their positions in ADDYY. Hantz Financial Services Inc. acquired a new position in adidas during the second quarter worth $4,809,000. Capital Square LLC bought a new position in adidas during the 4th quarter valued at about $1,405,000. Fisher Asset Management LLC boosted its position in adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after buying an additional 2,749 shares in the last quarter. Mar Vista Investment Partners LLC grew its stake in adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after buying an additional 2,000 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of adidas during the fourth quarter worth approximately $45,000.

adidas Company Profile

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.