adidas (ADDYY) Projected to Post Quarterly Earnings on Wednesday

adidas (OTCMKTS:ADDYY) is expected to be announcing its earnings results on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $5.96 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

adidas Trading Down 1.4 %

Shares of OTCMKTS ADDYY opened at $127.63 on Wednesday. The business has a fifty day simple moving average of $128.62 and a 200-day simple moving average of $124.47. The company has a market cap of $45.58 billion, a price-to-earnings ratio of 98.18 and a beta of 1.19. 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 has a 12 month low of $99.34 and a 12 month high of $137.73.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a research 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 company’s stock. According to data from MarketBeat, adidas currently has an average rating of “Moderate Buy”.

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.