Under Armour Inc (NYSE:UA) Expected to Post Earnings of $0.11 Per Share

Share on StockTwits

Equities analysts expect Under Armour Inc (NYSE:UA) to announce earnings per share (EPS) of $0.11 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Under Armour’s earnings. Under Armour posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is expected to issue its next earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Under Armour will report full year earnings of $0.35 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $0.50 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Under Armour.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.05). The company had revenue of $1.43 billion during the quarter. Under Armour had a return on equity of 7.24% and a net margin of 2.14%.

Several equities analysts recently commented on UA shares. Sanford C. Bernstein raised shares of Under Armour from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 3rd. Susquehanna Bancshares set a $14.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research report on Friday, October 18th. Raymond James raised shares of Under Armour to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Thursday, October 10th. Finally, Evercore ISI reiterated a “buy” rating and issued a $33.00 price target on shares of Under Armour in a report on Sunday, August 11th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average target price of $23.10.

Shares of Under Armour stock traded down $0.22 during midday trading on Monday, hitting $17.08. The company had a trading volume of 108,862 shares, compared to its average volume of 3,824,606. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 62.93 and a beta of 1.02. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $17.28 and a 200 day simple moving average of $19.50. Under Armour has a 12-month low of $15.05 and a 12-month high of $24.55.

In related news, insider Kevin Eskridge sold 19,348 shares of Under Armour stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $15.84, for a total value of $306,472.32. Following the sale, the insider now owns 174,412 shares of the company’s stock, valued at approximately $2,762,686.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Under Armour by 3.4% in the second quarter. Vanguard Group Inc. now owns 20,520,471 shares of the company’s stock valued at $455,554,000 after buying an additional 666,112 shares during the last quarter. BlackRock Inc. increased its stake in shares of Under Armour by 2.0% in the second quarter. BlackRock Inc. now owns 12,138,606 shares of the company’s stock valued at $269,478,000 after buying an additional 242,747 shares during the period. State Street Corp boosted its position in Under Armour by 1.8% during the 3rd quarter. State Street Corp now owns 7,944,676 shares of the company’s stock worth $144,037,000 after buying an additional 142,581 shares during the period. Wells Fargo & Company MN grew its holdings in Under Armour by 699.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,068,536 shares of the company’s stock worth $68,123,000 after acquiring an additional 2,684,657 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Under Armour by 34.3% in the second quarter. Victory Capital Management Inc. now owns 2,216,749 shares of the company’s stock valued at $49,212,000 after purchasing an additional 566,359 shares during the period. Institutional investors own 34.76% of the company’s stock.

About Under Armour

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 and cold.

See Also: What is net income?

Get a free copy of the Zacks research report on Under Armour (UA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.