Q3 2024 Earnings Estimate for adidas AG (OTCMKTS:ADDYY) Issued By Wedbush

adidas AG (OTCMKTS:ADDYY) – Investment analysts at Wedbush upped their Q3 2024 earnings estimates for adidas in a research report issued on Wednesday, July 31st. Wedbush analyst T. Nikic now expects that the company will post earnings per share of $1.06 for the quarter, up from their previous forecast of $1.00. The consensus estimate for adidas’ current full-year earnings is $1.78 per share.

A number of other brokerages also recently commented on ADDYY. Morgan Stanley upgraded adidas from an “underweight” rating to an “overweight” rating in a research report on Monday, April 15th. Stifel Nicolaus upgraded adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Telsey Advisory Group raised shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

adidas Trading Down 0.9 %

Shares of ADDYY opened at $120.42 on Friday. adidas has a 52-week low of $81.88 and a 52-week high of $130.44. The stock has a market cap of $46.14 billion, a PE ratio of 286.71 and a beta of 1.21. The firm’s fifty day moving average is $122.25 and its two-hundred day moving average is $112.71. The company has a quick ratio of 0.66, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On adidas

A number of hedge funds have recently made changes to their positions in the stock. Capital Square LLC purchased a new position in adidas during the 2nd quarter valued at about $1,616,000. Hantz Financial Services Inc. purchased a new position in shares of adidas in the second quarter valued at approximately $4,809,000. GAMMA Investing LLC increased its stake in adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after buying an additional 118 shares during the period. Fisher Asset Management LLC boosted its position in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after buying an additional 2,749 shares during the period. Finally, Mar Vista Investment Partners LLC grew its stake in shares of adidas by 8.0% in the fourth 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 in the last quarter.

adidas Company Profile

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.