Equities analysts expect that Under Armour, Inc. (NYSE:UAA – Get Rating) will report earnings per share of $0.04 for the current quarter, Zacks reports. Eleven analysts have made estimates for Under Armour’s earnings. The highest EPS estimate is $0.12 and the lowest is ($0.03). Under Armour posted earnings of $0.24 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 83.3%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Under Armour will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.78. For the next year, analysts anticipate that the firm will report earnings of $0.86 per share, with EPS estimates ranging from $0.65 to $1.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Under Armour.
Under Armour (NYSE:UAA – Get Rating) last posted its earnings results on Friday, May 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Under Armour had a return on equity of 16.20% and a net margin of 3.89%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share.
Several analysts recently issued reports on the stock. B. Riley cut their price target on shares of Under Armour from $18.00 to $11.00 in a report on Monday, May 9th. Barclays lowered their target price on shares of Under Armour from $22.00 to $14.00 in a research note on Tuesday, May 10th. Argus lowered their target price on shares of Under Armour from $19.00 to $15.00 in a research note on Wednesday, May 11th. Cowen lowered their target price on shares of Under Armour from $27.00 to $17.00 in a research note on Monday, May 9th. Finally, Morgan Stanley lowered shares of Under Armour from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $14.00 to $11.00 in a research note on Thursday, May 19th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.54.
In other Under Armour news, Director David W. Gibbs bought 25,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were bought at an average price of $9.60 per share, for a total transaction of $240,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $480,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Under Armour by 31.0% in the 3rd quarter. US Bancorp DE now owns 1,948 shares of the company’s stock valued at $39,000 after purchasing an additional 461 shares during the period. Daiwa Securities Group Inc. increased its holdings in Under Armour by 44.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock worth $37,000 after buying an additional 537 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Under Armour by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 199,707 shares of the company’s stock worth $4,232,000 after buying an additional 632 shares during the last quarter. HighTower Advisors LLC increased its holdings in Under Armour by 3.8% in the third quarter. HighTower Advisors LLC now owns 18,882 shares of the company’s stock worth $377,000 after buying an additional 694 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Under Armour by 6.1% in the first quarter. Xponance Inc. now owns 12,338 shares of the company’s stock worth $210,000 after buying an additional 713 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.
UAA traded down $0.23 during trading on Friday, hitting $10.30. The company had a trading volume of 36,508 shares, compared to its average volume of 9,369,079. The company has a market cap of $4.91 billion, a PE ratio of 21.92 and a beta of 1.27. The business has a 50-day moving average of $13.16 and a 200-day moving average of $17.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.74. Under Armour has a 1-year low of $8.97 and a 1-year high of $27.28.
Under Armour announced that its board has approved a share repurchase plan on Wednesday, February 23rd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
About Under Armour (Get Rating)
Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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