Q1 2024 EPS Estimates for adidas AG (OTCMKTS:ADDYY) Raised by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Research analysts at Telsey Advisory Group increased their Q1 2024 EPS estimates for shares of adidas in a research report issued to clients and investors on Wednesday, April 17th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.16. The consensus estimate for adidas’ current full-year earnings is $1.82 per share. Telsey Advisory Group also issued estimates for adidas’ Q2 2024 earnings at $0.39 EPS, Q4 2024 earnings at ($0.34) EPS, FY2024 earnings at $2.01 EPS and FY2025 earnings at $3.78 EPS.

ADDYY has been the subject of a number of other reports. Royal Bank of Canada raised shares of adidas from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 5th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, adidas currently has an average rating of “Buy”.

adidas Stock Up 2.2 %

ADDYY opened at $122.29 on Monday. adidas has a 12-month low of $79.58 and a 12-month high of $122.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The firm has a 50 day moving average of $106.77 and a two-hundred day moving average of $100.14.

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

Hedge Funds Weigh In On adidas

Several institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC purchased a new position in shares of adidas during the 4th quarter valued at approximately $45,000. Fisher Asset Management LLC increased its holdings in adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares in the last quarter. Capital Square LLC purchased a new stake in adidas in the 4th quarter worth $1,405,000. Finally, Mar Vista Investment Partners LLC increased its holdings in adidas by 8.0% in 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 in the last quarter.

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 (DPR) is -109.09%.

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.