adidas (OTCMKTS:ADDYY) Issues Earnings Results, Misses Estimates By $0.28 EPS

adidas (OTCMKTS:ADDYY) posted its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28), Zacks reports. adidas had a return on equity of 7.39% and a net margin of 1.91%.

adidas Stock Performance

ADDYY stock opened at $127.63 on Wednesday. The stock’s fifty day moving average is $128.62 and its two-hundred day moving average is $124.47. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The stock has a market capitalization of $45.58 billion, a price-to-earnings ratio of 98.18 and a beta of 1.18. adidas has a 1 year low of $99.34 and a 1 year high of $137.73.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.