adidas (OTCMKTS:ADDYY) posted its earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.14, Morningstar.com reports. adidas had a net margin of 5.43% and a return on equity of 20.96%.
Shares of adidas (ADDYY) traded up $9.68 during midday trading on Wednesday, reaching $116.44. 56,677 shares of the company traded hands, compared to its average volume of 66,488. The firm has a market cap of $44,670.00, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.13 and a beta of 1.24. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. adidas has a 1-year low of $92.97 and a 1-year high of $118.98.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in adidas by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after buying an additional 1,294 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in adidas by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock worth $35,182,000 after buying an additional 17,631 shares in the last quarter. NorthCoast Asset Management LLC lifted its position in adidas by 24.1% during the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after buying an additional 3,285 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new position in adidas during the 3rd quarter worth about $226,000. Finally, Wellington Shields & Co. LLC acquired a new position in adidas during the 3rd quarter worth about $232,000. Institutional investors and hedge funds own 0.13% of the company’s stock.
adidas Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.