$1.37 Billion in Sales Expected for Under Armour Inc (UAA) This Quarter

Wall Street analysts forecast that Under Armour Inc (NYSE:UAA) will announce sales of $1.37 billion for the current quarter, Zacks reports. Thirteen analysts have provided estimates for Under Armour’s earnings, with the highest sales estimate coming in at $1.44 billion and the lowest estimate coming in at $1.33 billion. Under Armour also posted sales of $1.37 billion in the same quarter last year. The company is expected to report its next quarterly earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Under Armour will report full-year sales of $5.18 billion for the current financial year, with estimates ranging from $5.13 billion to $5.24 billion. For the next year, analysts forecast that the firm will post sales of $5.44 billion, with estimates ranging from $5.24 billion to $5.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Under Armour.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.22 EPS. Under Armour’s quarterly revenue was up 2.4% on a year-over-year basis.

A number of equities research analysts have weighed in on the company. Wells Fargo & Co lowered Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 price objective for the company. in a research note on Sunday. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Pivotal Research raised their price objective on Under Armour from $20.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Buckingham Research raised their price objective on Under Armour from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies upgraded Under Armour from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $32.00 in a research note on Monday, November 5th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.36.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Under Armour by 102.8% during the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock valued at $773,692,000 after purchasing an additional 19,284,810 shares during the period. BlackRock Inc. boosted its position in Under Armour by 0.7% during the 2nd quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock valued at $268,631,000 after purchasing an additional 80,926 shares during the period. Loomis Sayles & Co. L P boosted its position in Under Armour by 2.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,011,402 shares of the company’s stock valued at $127,562,000 after purchasing an additional 159,625 shares during the period. FMR LLC boosted its position in Under Armour by 0.6% during the 3rd quarter. FMR LLC now owns 3,566,570 shares of the company’s stock valued at $75,683,000 after purchasing an additional 21,492 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Under Armour by 15.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,891,012 shares of the company’s stock valued at $61,346,000 after purchasing an additional 388,266 shares during the period. Institutional investors own 36.95% of the company’s stock.

Shares of NYSE UAA opened at $23.88 on Monday. Under Armour has a fifty-two week low of $12.50 and a fifty-two week high of $24.69. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 125.68, a price-to-earnings-growth ratio of 5.34 and a beta of -0.45.

Under Armour Company Profile

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, cold, and in between the extremes.

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