Adidas (ADDYY) to Release Quarterly Earnings on Wednesday

Adidas (OTCMKTS:ADDYY) will likely be issuing its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $6.1530 billion for the quarter.

Adidas Stock Performance

Shares of ADDYY stock opened at $94.75 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. Adidas has a 52 week low of $84.03 and a 52 week high of $131.79. The company’s 50 day moving average price is $93.40 and its two-hundred day moving average price is $97.91. The company has a market capitalization of $33.84 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 0.42 and a beta of 1.18.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ADDYY shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $146.02 price objective on shares of Adidas in a research report on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Santander assumed coverage on Adidas in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Royal Bank Of Canada cut Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.