Brokerages forecast that Under Armour Inc (NYSE:UA) will post ($0.04) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Under Armour’s earnings. Under Armour reported earnings of ($0.08) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, July 30th.

On average, 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’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Under Armour.

Under Armour (NYSE:UA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The business had revenue of $1.20 billion during the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%.

UA has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $30.00 price target on Under Armour and gave the stock a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. set a $195.00 target price on bluebird bio and gave the stock a “buy” rating in a report on Friday, May 17th. B. Riley set a $12.00 target price on Under Armour and gave the stock a “sell” rating in a report on Tuesday, April 9th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Pivotal Research reiterated a “hold” rating and issued a $23.00 target price on shares of Under Armour in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.78.

A number of institutional investors and hedge funds have recently made changes to their positions in UA. BlackRock Inc. increased its stake in shares of Under Armour by 6.6% in the 4th quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock valued at $199,459,000 after purchasing an additional 763,174 shares in the last quarter. FMR LLC increased its stake in shares of Under Armour by 161.2% in the 4th quarter. FMR LLC now owns 4,528,755 shares of the company’s stock valued at $73,230,000 after purchasing an additional 2,794,611 shares in the last quarter. American Century Companies Inc. increased its stake in Under Armour by 12.4% during the 4th quarter. American Century Companies Inc. now owns 4,215,340 shares of the company’s stock worth $68,162,000 after buying an additional 463,865 shares in the last quarter. Geode Capital Management LLC increased its stake in Under Armour by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 2,454,709 shares of the company’s stock worth $39,629,000 after buying an additional 245,013 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Under Armour by 3.4% during the 4th quarter. Northern Trust Corp now owns 2,119,401 shares of the company’s stock worth $34,271,000 after buying an additional 69,280 shares in the last quarter. 32.37% of the stock is owned by institutional investors.

Shares of Under Armour stock traded up $0.35 on Thursday, reaching $23.96. 84,950 shares of the company’s stock were exchanged, compared to its average volume of 1,705,685. The firm has a market cap of $10.80 billion, a P/E ratio of 88.44 and a beta of 0.96. Under Armour has a 52 week low of $15.05 and a 52 week high of $24.47. The business has a 50-day moving average price of $23.07. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58.

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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