adidas AG (ADDYY) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
adidas AG (NASDAQ:ADDYY) issued its quarterly earnings data on Friday. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.01, StockRatingsNetwork.com reports.
Shares of adidas AG (NASDAQ:ADDYY) opened at 37.12 on Friday. adidas AG has a 1-year low of $36.95 and a 1-year high of $64.24. The stock’s 50-day moving average is $47.69 and its 200-day moving average is $53.02. The company has a market cap of $15.532 billion and a price-to-earnings ratio of 17.80.
ADDYY has been the subject of a number of recent research reports. Analysts at Berenberg Bank downgraded shares of adidas AG to a “sell” rating in a research note on Monday. On the ratings front, analysts at Susquehanna downgraded shares of adidas AG from a “positive” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, analysts at Raymond James downgraded shares of adidas AG from an “outperform” rating to a “market perform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
adidas AG is a Germany-based holding company for the adidas Group, which is engaged in sports footwear, apparel and accessories.
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