Wall Street analysts forecast that Under Armour Inc (NYSE:UAA) will post $0.19 earnings per share for the current quarter, according to Zacks Investment Research. Thirteen analysts have made estimates for Under Armour’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.27. Under Armour posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 24%. The business is scheduled to announce its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Under Armour will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.35. For the next fiscal year, analysts forecast that the business will report earnings of $0.49 per share, with EPS estimates ranging from $0.36 to $0.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Under Armour.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, July 30th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted ($0.08) EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.
UAA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised Under Armour from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Friday, May 17th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 target price (up from $23.00) on shares of Under Armour in a research report on Wednesday, July 24th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 target price (up from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. ValuEngine lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, May 8th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.47.
Under Armour stock traded up $0.14 during midday trading on Friday, reaching $18.65. The stock had a trading volume of 3,317,900 shares, compared to its average volume of 6,226,360. Under Armour has a 12 month low of $16.52 and a 12 month high of $27.72. The company has a market capitalization of $8.58 billion, a P/E ratio of 69.07, a PEG ratio of 2.08 and a beta of 0.51. The company has a fifty day moving average price of $24.50 and a two-hundred day moving average price of $23.11. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58.
Hedge funds have recently added to or reduced their stakes in the business. Liberty Wealth Management LLC acquired a new position in Under Armour during the 2nd quarter valued at about $25,000. Ossiam acquired a new position in Under Armour during the 2nd quarter valued at about $30,000. Quadrant Capital Group LLC acquired a new position in Under Armour during the 1st quarter valued at about $25,000. Rehmann Capital Advisory Group acquired a new position in Under Armour during the 1st quarter valued at about $28,000. Finally, Capital Bank & Trust Co acquired a new position in Under Armour during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 37.29% of the company’s stock.
About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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