Telsey Advisory Group Weighs in on adidas AG’s Q3 2024 Earnings (OTCMKTS:ADDYY)

adidas AG (OTCMKTS:ADDYY) – Equities research analysts at Telsey Advisory Group dropped their Q3 2024 EPS estimates for shares of adidas in a report issued on Wednesday, May 1st. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $1.23 for the quarter, down from their prior forecast of $1.30. The consensus estimate for adidas’ current full-year earnings is $1.83 per share. Telsey Advisory Group also issued estimates for adidas’ Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $0.06 EPS and FY2026 earnings at $5.66 EPS.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Morgan Stanley upgraded shares of adidas from an “underweight” rating to an “overweight” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada upgraded shares of adidas from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

adidas Stock Performance

Shares of OTCMKTS ADDYY opened at $121.18 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $46.43 billion, a P/E ratio of -550.82 and a beta of 1.13. adidas has a 12 month low of $79.58 and a 12 month high of $125.54. The stock has a 50 day moving average of $110.72 and a 200-day moving average of $101.80.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.36). The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.22 billion. adidas had a negative return on equity of 2.21% and a negative net margin of 0.33%.

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently bought and sold shares of ADDYY. Mar Vista Investment Partners LLC increased its stake in adidas by 8.0% during the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after acquiring an additional 2,000 shares during the period. Capital Square LLC bought a new stake in shares of adidas during the 4th quarter valued at $1,405,000. Fisher Asset Management LLC increased its position in shares of adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of adidas in the fourth quarter worth $45,000.

adidas Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.2394 per share. The ex-dividend date of this dividend is Friday, May 17th. adidas’s dividend payout ratio is currently -104.55%.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.