AGS Reports Third Quarter 2021 Results

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adidas AG (OTCMKTS:ADDYY) – Analysts at Wedbush cut their Q4 2021 earnings estimates for adidas in a note issued to investors on Tuesday, January 4th. Wedbush analyst T. Nikic now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.10. Wedbush currently has a “Outperform” rating on the stock.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, November 10th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.10). adidas had a net margin of 9.52% and a return on equity of 20.10%. The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.81 billion.

A number of other brokerages have also recently commented on ADDYY. DZ Bank raised adidas from a “hold” rating to a “buy” rating and set a €300.00 ($340.91) price target on the stock in a research report on Friday, December 3rd. Societe Generale reaffirmed a “buy” rating on shares of adidas in a research report on Monday, October 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of adidas in a report on Thursday, November 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of adidas in a report on Thursday, November 11th. Finally, Bank of America cut adidas from a “neutral” rating to an “underperform” rating in a report on Monday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $251.50.

Shares of OTCMKTS ADDYY opened at $142.93 on Thursday. adidas has a one year low of $137.64 and a one year high of $199.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.66 and a quick ratio of 1.23. The business’s fifty day moving average price is $151.22 and its 200-day moving average price is $166.60. The stock has a market capitalization of $55.76 billion, a PE ratio of 22.65, a P/E/G ratio of 0.71 and a beta of 0.87.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADDYY. PNC Financial Services Group Inc. increased its stake in adidas by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 291 shares of the company’s stock worth $54,000 after acquiring an additional 138 shares during the last quarter. Hancock Whitney Corp increased its position in shares of adidas by 21.8% during the 2nd quarter. Hancock Whitney Corp now owns 4,432 shares of the company’s stock valued at $827,000 after purchasing an additional 793 shares during the last quarter. Mitchell Capital Management Co. increased its position in shares of adidas by 8.4% during the 2nd quarter. Mitchell Capital Management Co. now owns 9,205 shares of the company’s stock valued at $1,719,000 after purchasing an additional 716 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of adidas during the 2nd quarter valued at about $201,000. Finally, Sofos Investments Inc. increased its position in shares of adidas by 10.6% during the 2nd quarter. Sofos Investments Inc. now owns 6,677 shares of the company’s stock valued at $1,247,000 after purchasing an additional 639 shares during the last quarter. Institutional investors and hedge funds own 0.16% of the company’s stock.

adidas Company Profile

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.

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