adidas (OTCMKTS:ADDYY) Posts Earnings Results, Misses Expectations By $0.28 EPS

adidas (OTCMKTS:ADDYY - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28), Zacks reports. adidas had a net margin of 1.91% and a return on equity of 7.39%. The business had revenue of $6.42 billion during the quarter, compared to analysts' expectations of $5.96 billion.

adidas Price Performance

ADDYY stock traded up $0.27 during midday trading on Friday, hitting $129.96. 51,635 shares of the stock were exchanged, compared to its average volume of 37,358. The stock's 50-day moving average price is $129.00 and its 200-day moving average price is $124.64. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 99.97 and a beta of 1.18. adidas has a fifty-two week low of $102.17 and a fifty-two week high of $137.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

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.