FY2017 EPS Estimates for Under Armour, Inc. (UAA) Increased by Analyst
Under Armour, Inc. (NYSE:UAA) – Forward View boosted their FY2017 earnings per share estimates for shares of Under Armour in a note issued to investors on Thursday. Forward View analyst N. Yates now anticipates that the company will post earnings of $0.39 per share for the year, up from their prior estimate of $0.33. Forward View also issued estimates for Under Armour’s Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at $0.16 EPS.
A number of other analysts have also commented on UAA. Deutsche Bank AG reissued a “hold” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Saturday, April 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective on shares of Under Armour in a research report on Sunday, April 23rd. Credit Suisse Group reaffirmed an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research report on Monday, April 24th. B. Riley reaffirmed a “neutral” rating and set a $18.00 price target on shares of Under Armour in a research report on Tuesday, April 25th. Finally, Instinet reaffirmed a “reduce” rating on shares of Under Armour in a research report on Tuesday, April 25th. Twelve analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.29.
Under Armour (NYSE:UAA) opened at 18.22 on Monday. Under Armour has a 12-month low of $17.90 and a 12-month high of $43.85. The stock’s 50 day moving average is $19.98 and its 200-day moving average is $20.32. The company has a market cap of $8.03 billion, a P/E ratio of 36.88 and a beta of -0.07. Under Armour also was the target of unusually large options trading activity on Tuesday. Investors bought 10,124 put options on the company. This is an increase of approximately 145% compared to the typical daily volume of 4,129 put options.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in UAA. D.A. Davidson & CO. purchased a new stake in shares of Under Armour during the second quarter worth about $118,000. Cornerstone Advisors Inc. purchased a new stake in shares of Under Armour during the second quarter worth about $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Under Armour during the second quarter worth about $129,000. Global X Management Co. LLC purchased a new stake in shares of Under Armour during the second quarter worth about $134,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of Under Armour during the second quarter worth about $134,000. Institutional investors and hedge funds own 29.59% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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