Under Armour, Inc. (UAA) to Post FY2017 Earnings of $0.37 Per Share, SunTrust Banks Forecasts
Under Armour, Inc. (NYSE:UAA) – Investment analysts at SunTrust Banks lowered their FY2017 earnings estimates for shares of Under Armour in a research report issued on Tuesday. SunTrust Banks analyst P. Quintiliano now anticipates that the company will post earnings per share of $0.37 for the year, down from their previous estimate of $0.46. SunTrust Banks also issued estimates for Under Armour’s Q4 2017 earnings at $0.21 EPS and FY2018 earnings at $0.49 EPS.
Other equities analysts have also recently issued research reports about the company. B. Riley reiterated a “neutral” rating and set a $18.00 price target on shares of Under Armour in a report on Tuesday, April 25th. Piper Jaffray Companies reiterated a “neutral” rating and set a $17.00 price target on shares of Under Armour in a report on Tuesday, April 11th. UBS AG lifted their price target on Under Armour from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, April 28th. Vetr cut Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price target for the company. in a report on Monday, July 17th. Finally, Telsey Advisory Group reduced their price target on Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday. Thirteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have issued a buy rating to the company’s stock. Under Armour has an average rating of “Hold” and an average price target of $23.32.
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Under Armour (UAA) opened at 18.39 on Friday. The firm has a market cap of $8.10 billion, a PE ratio of 37.23 and a beta of -0.07. The company’s 50 day moving average price is $20.76 and its 200 day moving average price is $21.02. Under Armour has a 52-week low of $18.01 and a 52-week high of $43.85.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.
In other Under Armour news, Director William R. Mcdermott sold 4,799 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $21.40, for a total transaction of $102,698.60. Following the sale, the director now owns 59,657 shares of the company’s stock, valued at $1,276,659.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kerry D. Chandler sold 5,921 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total transaction of $126,590.98. Following the sale, the insider now directly owns 12,803 shares in the company, valued at approximately $273,728.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,519 shares of company stock worth $331,652. Insiders own 16.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. acquired a new stake in shares of Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC acquired a new stake in shares of Under Armour during the second quarter valued at $134,000. Private Capital Management Inc. acquired a new stake in shares of Under Armour during the second quarter valued at $141,000. Finally, Horan Capital Management acquired a new stake in shares of Under Armour during the second quarter valued at $150,000. 29.43% of the stock is currently owned by institutional investors.
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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