Under Armour, Inc. (NYSE:UAA) – Analysts at Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for shares of Under Armour in a research report issued on Tuesday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the company will earn $0.22 per share for the year, down from their prior estimate of $0.36. Oppenheimer Holdings also issued estimates for Under Armour’s Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.12 EPS.
Other research analysts also recently issued reports about the company. Susquehanna Bancshares Inc upped their price target on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Piper Jaffray Companies dropped their price target on Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a research note on Wednesday, October 11th. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research note on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Under Armour in a research note on Friday, August 11th. Finally, Morgan Stanley dropped their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Nineteen investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.18.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. bought a new position in Under Armour in the 2nd quarter valued at $118,000. Cornerstone Advisors Inc. bought a new position in Under Armour in the 2nd quarter valued at $124,000. Municipal Employees Retirement System of Michigan bought a new position in Under Armour in the 2nd quarter valued at $129,000. WFG Advisors LP bought a new position in Under Armour in the 2nd quarter valued at $132,000. Finally, Global X Management Co. LLC bought a new position in Under Armour in the 2nd quarter valued at $134,000. 30.43% of the stock is currently owned by institutional investors.
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.
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