Under Armour Inc (NYSE:UAA) – Equities researchers at Wedbush boosted their FY2018 earnings per share (EPS) estimates for Under Armour in a research report issued on Tuesday. Wedbush analyst C. Svezia now expects that the company will post earnings of $0.21 per share for the year, up from their previous forecast of $0.20. Wedbush has a “Sell” rating on the stock.
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 firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The company’s revenue was down 4.5% compared to the same quarter last year.
Shares of Under Armour (NYSE UAA) traded down $0.01 during trading on Thursday, hitting $15.50. The stock had a trading volume of 4,457,889 shares, compared to its average volume of 5,533,964. Under Armour has a one year low of $11.40 and a one year high of $31.06. The company has a market cap of $6,700.54, a PE ratio of 37.00, a P/E/G ratio of 4.47 and a beta of -0.13. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
A number of hedge funds and other institutional investors have recently modified their holdings of UAA. D.A. Davidson & CO. acquired a new position in Under Armour in the 2nd quarter valued at $118,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour in the 2nd quarter valued at $129,000. WFG Advisors LP acquired a new position in Under Armour in the 2nd quarter valued at $132,000. Hudock Capital Group LLC acquired a new position in Under Armour in the 2nd quarter valued at $134,000. Finally, Armor Investment Advisors LLC acquired a new position in Under Armour in the 2nd quarter valued at $134,000. 30.98% of the stock is currently owned by hedge funds and other institutional investors.
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About Under Armour
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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