Zacks: Analysts Expect Under Armour Inc (UAA) Will Post Quarterly Sales of $1.41 Billion

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Brokerages expect that Under Armour Inc (NYSE:UAA) will post $1.41 billion in sales for the current fiscal quarter, according to Zacks. Fourteen analysts have made estimates for Under Armour’s earnings, with estimates ranging from $1.39 billion to $1.43 billion. Under Armour also reported sales of $1.41 billion in the same quarter last year. The company is expected to announce its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Under Armour will report full-year sales of $5.17 billion for the current financial year, with estimates ranging from $5.13 billion to $5.23 billion. For the next year, analysts forecast that the company will post sales of $5.47 billion, with estimates ranging from $5.36 billion to $5.66 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Under Armour.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, July 26th. The company reported ($0.08) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). Under Armour had a positive return on equity of 3.32% and a negative net margin of 3.11%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.

UAA has been the subject of a number of analyst reports. ValuEngine lowered shares of Under Armour from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Goldman Sachs Group initiated coverage on Under Armour in a report on Monday, June 25th. They issued a “neutral” rating and a $22.00 target price on the stock. Wedbush raised their target price on Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, July 20th. Credit Suisse Group raised their price objective on Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Morgan Stanley began coverage on Under Armour in a research report on Wednesday, August 1st. They issued an “equal weight” rating and a $20.00 price objective for the company. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average target price of $17.53.

Shares of UAA stock traded down $0.83 on Friday, reaching $20.31. 149,144 shares of the company were exchanged, compared to its average volume of 5,804,810. The stock has a market capitalization of $9.44 billion, a PE ratio of 109.71, a price-to-earnings-growth ratio of 6.03 and a beta of -0.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 0.94. Under Armour has a one year low of $11.40 and a one year high of $24.69.

Hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd lifted its stake in shares of Under Armour by 813.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock valued at $131,000 after acquiring an additional 5,209 shares during the last quarter. Highland Capital Management LP bought a new position in shares of Under Armour in the 1st quarter valued at $164,000. Cerebellum GP LLC bought a new position in shares of Under Armour in the 2nd quarter valued at $171,000. Gables Capital Management Inc. bought a new position in shares of Under Armour in the 1st quarter valued at $177,000. Finally, Financial Advocates Investment Management bought a new position in shares of Under Armour in the 1st quarter valued at $194,000. Institutional investors and hedge funds own 36.78% of the company’s stock.

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

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