Adidas (OTCMKTS:ADDYY) – Analysts at Piper Jaffray issued their Q1 2018 earnings per share (EPS) estimates for Adidas in a research note issued on Tuesday, April 10th. Piper Jaffray analyst E. Murphy forecasts that the company will post earnings of $1.54 per share for the quarter. Piper Jaffray also issued estimates for Adidas’ Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.97 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $5.10 EPS, Q1 2019 earnings at $1.76 EPS, Q2 2019 earnings at $1.45 EPS, Q3 2019 earnings at $2.31 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $5.97 EPS.
Several other equities analysts have also recently issued reports on ADDYY. Zacks Investment Research cut shares of Adidas from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. ValuEngine upgraded shares of Adidas from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Bank of America upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Citigroup upgraded shares of Adidas from a “neutral” rating to a “buy” rating in a research report on Thursday, March 15th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $190.75.
Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6.08 billion. Adidas had a net margin of 5.07% and a return on equity of 22.20%.
A number of institutional investors and hedge funds have recently made changes to their positions in ADDYY. Fairfield Bush & CO. purchased a new stake in Adidas in the fourth quarter worth about $288,000. NorthCoast Asset Management LLC grew its holdings in Adidas by 24.1% in the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after purchasing an additional 3,285 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in Adidas in the fourth quarter worth about $2,446,000. Finally, Parametric Portfolio Associates LLC grew its holdings in Adidas by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock worth $35,182,000 after purchasing an additional 17,631 shares during the period. Institutional investors and hedge funds own 0.14% of the company’s stock.
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adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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