Wall Street brokerages expect that Under Armour, Inc. (NYSE:UAA) will report earnings of $0.01 per share for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have provided estimates for Under Armour’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.03. Under Armour posted earnings of $0.23 per share during the same quarter last year, which suggests a negative year over year growth rate of 95.7%. The company is expected to report its next earnings report on Tuesday, January 30th.
On average, analysts expect that Under Armour will report full-year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.22. For the next financial year, analysts anticipate that the company will report earnings of $0.22 per share, with EPS estimates ranging from $0.05 to $0.43. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Under Armour.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.
Several analysts have weighed in on UAA shares. Vetr downgraded Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price target on the stock. in a research note on Thursday, September 7th. Deutsche Bank AG downgraded Under Armour from a “hold” rating to a “sell” rating and lowered their target price for the stock from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 target price on shares of Under Armour in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies lowered their target price on Under Armour to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Seventeen equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.04.
Under Armour (UAA) opened at $12.85 on Wednesday. The company has a market capitalization of $5,936.41, a price-to-earnings ratio of 32.78, a PEG ratio of 3.98 and a beta of -0.15. 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 has a 1 year low of $11.40 and a 1 year high of $33.45.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in shares of Under Armour during the 2nd quarter worth $532,573,000. Vanguard Group Inc. bought a new stake in Under Armour in the 2nd quarter valued at about $393,172,000. BlackRock Inc. purchased a new position in Under Armour during the 2nd quarter valued at about $238,861,000. Bamco Inc. NY grew its holdings in Under Armour by 10.8% during the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares in the last quarter. Finally, State Street Corp purchased a new position in Under Armour during the 2nd quarter valued at about $157,325,000. Institutional investors own 30.79% of the company’s stock.
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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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