Under Armour (NYSE:UAA) Announces Earnings Results

Under Armour (NYSE:UAA) posted its earnings results on Thursday. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09, RTT News reports. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Under Armour updated its FY25 guidance to $0.19-0.22 EPS and its FY 2025 guidance to 0.190-0.220 EPS.

Under Armour Price Performance

Shares of Under Armour stock traded up $1.23 on Thursday, hitting $7.70. 45,350,178 shares of the company traded hands, compared to its average volume of 8,782,894. The firm’s 50-day simple moving average is $6.79 and its 200 day simple moving average is $7.19. The company has a current ratio of 2.46, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.36 billion, a P/E ratio of 14.26, a P/E/G ratio of 3.37 and a beta of 1.67. Under Armour has a 12-month low of $6.17 and a 12-month high of $9.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UAA shares. JPMorgan Chase & Co. lowered Under Armour from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research report on Thursday, May 16th. Barclays lowered their price objective on Under Armour from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, May 20th. BMO Capital Markets cut their target price on Under Armour from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Wells Fargo & Company cut their price target on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, May 17th. Finally, Bank of America reduced their price target on shares of Under Armour from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.96.

Under Armour announced that its board has authorized a stock buyback plan on Thursday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 16.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.