Telsey Advisory Group Comments on adidas FY2024 Earnings

adidas AG (OTCMKTS:ADDYY - Free Report) - Research analysts at Telsey Advisory Group increased their FY2024 earnings per share estimates for shares of adidas in a note issued to investors on Tuesday, January 21st. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn $2.46 per share for the year, up from their previous estimate of $2.31. The consensus estimate for adidas' current full-year earnings is $2.14 per share. Telsey Advisory Group also issued estimates for adidas' Q3 2025 earnings at $1.56 EPS and FY2025 earnings at $4.06 EPS.

Several other research firms have also commented on ADDYY. Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a report on Monday, January 6th. HSBC downgraded adidas from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, adidas presently has an average rating of "Moderate Buy".

adidas Stock Up 1.6 %

ADDYY stock traded up $2.07 during midday trading on Thursday, hitting $134.29. The company's stock had a trading volume of 54,704 shares, compared to its average volume of 39,043. The firm has a market capitalization of $47.96 billion, a P/E ratio of 103.30 and a beta of 1.18. The firm has a 50-day simple moving average of $121.99 and a 200-day simple moving average of $122.53. adidas has a 52-week low of $88.03 and a 52-week high of $135.68. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44.

adidas (OTCMKTS:ADDYY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%.

Institutional Trading of adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC increased its stake in adidas AG (OTCMKTS:ADDYY - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 897 shares of the company's stock after acquiring an additional 105 shares during the period. GAMMA Investing LLC's holdings in adidas were worth $109,000 as of its most recent SEC filing.

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.