Wall Street brokerages expect that Under Armour Inc (NYSE:UA) will report earnings per share of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Under Armour’s earnings. Under Armour reported earnings of $0.09 per share in the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The firm is scheduled to announce its next earnings report 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 fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.50 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Under Armour.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.05). Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The firm had revenue of $1.43 billion during the quarter.
UA has been the topic of several recent analyst reports. Susquehanna Bancshares set a $14.00 target price on shares of Under Armour and gave the company a “sell” rating in a research note on Friday, October 18th. ValuEngine raised Under Armour from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Evercore ISI reiterated a “buy” rating and set a $33.00 price target on shares of Under Armour in a report on Sunday, August 11th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Thursday, October 10th. Finally, Raymond James raised Under Armour to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average price target of $23.10.
NYSE UA traded up $0.24 on Monday, hitting $17.44. 2,131,151 shares of the stock were exchanged, compared to its average volume of 2,290,538. Under Armour has a 52-week low of $15.05 and a 52-week high of $24.55. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.29. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 64.59 and a beta of 1.02. The company’s 50-day moving average price is $17.11 and its two-hundred day moving average price is $19.42.
In related news, insider Kevin Eskridge sold 19,348 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $15.84, for a total value of $306,472.32. Following the completion of the sale, the insider now owns 174,412 shares of the company’s stock, valued at approximately $2,762,686.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 15.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ossiam bought a new stake in Under Armour in the second quarter worth $28,000. Cullen Frost Bankers Inc. bought a new position in Under Armour during the third quarter valued at about $28,000. Capital Bank & Trust Co acquired a new stake in shares of Under Armour in the second quarter worth about $39,000. FinTrust Capital Advisors LLC bought a new stake in shares of Under Armour during the 3rd quarter worth about $36,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Under Armour by 96.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock worth $37,000 after acquiring an additional 991 shares in the last quarter. 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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