William Blair Analysts Cut Earnings Estimates for Under Armour, Inc. (UAA)

Under Armour, Inc. (NYSE:UAA) – Equities researchers at William Blair dropped their Q3 2018 earnings estimates for Under Armour in a note issued to investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.23. William Blair also issued estimates for Under Armour’s FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.33 EPS.

Other equities analysts have also issued research reports about the company. Wedbush lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Thursday. UBS AG cut their price target on Under Armour from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Buckingham Research cut their price objective on Under Armour from $14.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 1st. Sanford C. Bernstein reissued an “underperform” rating and issued a $9.00 price objective (down from $14.00) on shares of Under Armour in a research note on Wednesday, November 1st. Finally, B. Riley dropped their price target on Under Armour from $14.00 to $10.00 and set a “sell” rating on the stock in a research report on Wednesday, November 1st. Nineteen investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.18.

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Shares of Under Armour (UAA) traded up $0.36 on Monday, hitting $11.97. The stock had a trading volume of 3,208,131 shares, compared to its average volume of 7,710,000. Under Armour has a 52 week low of $11.45 and a 52 week high of $33.45. The firm has a market capitalization of $4,890.00, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 3.44 and a beta of 0.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour’s revenue for the quarter was down 4.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. bought a new stake in Under Armour in the second quarter valued at about $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour in the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour in the second quarter valued at about $129,000. WFG Advisors LP acquired a new position in Under Armour in the second quarter valued at about $132,000. Finally, Global X Management Co. LLC acquired a new position in Under Armour in the second quarter valued at about $134,000. Institutional investors and hedge funds own 30.43% 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.

Earnings History and Estimates for Under Armour (NYSE:UAA)

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