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%.
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.
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