Under Armour, Inc. (NYSE:UAA) – Equities researchers at Forward View lifted their FY2017 earnings per share (EPS) estimates for shares of Under Armour in a research note issued on Thursday. Forward View analyst N. Yates now forecasts that the company will post earnings per share of $0.39 for the year, up from their previous estimate of $0.33. Forward View also issued estimates for Under Armour’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at $0.16 EPS.
Several other research firms have also recently weighed in on UAA. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, July 4th. Wells Fargo & Company restated a “market perform” rating and issued a $19.00 price objective on shares of Under Armour in a research report on Friday, June 9th. Vetr cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price objective on the stock. in a research report on Monday, June 12th. Credit Suisse Group restated an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Friday, June 16th. Finally, UBS AG upped their price objective on shares of Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Twelve investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.29.
Shares of Under Armour (NYSE:UAA) opened at 18.22 on Monday. The firm’s 50-day moving average is $19.98 and its 200-day moving average is $20.32. The firm has a market capitalization of $8.03 billion, a P/E ratio of 36.88 and a beta of -0.07. Under Armour has a 52 week low of $17.90 and a 52 week high of $43.85. Under Armour also was the recipient of some unusual options trading on Tuesday. Investors acquired 10,124 put options on the stock. This represents an increase of 145% compared to the average volume of 4,129 put options.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm’s revenue was up 8.7% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of UAA. D.A. Davidson & CO. bought a new position in shares of Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. bought a new position in shares of Under Armour during the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Under Armour during the second quarter valued at about $129,000. Global X Management Co. LLC bought a new position in shares of Under Armour during the second quarter valued at about $134,000. Finally, Armor Investment Advisors LLC bought a new position in shares of Under Armour during the second quarter valued at about $134,000. Hedge funds and other institutional investors own 29.59% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
What are top analysts saying about Under Armour Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Under Armour Inc. and related companies.