Under Armour (NYSE:UAA) Earning Favorable News Coverage, Study Shows
News articles about Under Armour (NYSE:UAA) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Under Armour earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5537383819551 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Under the Hood of Under Armour's Growing Business Segment (finance.yahoo.com)
- Jefferies Group LLC Reaffirms Buy Rating for Under Armour, Inc. (NYSE:UAA) (americanbankingnews.com)
- Under Armour, Inc. (UAA) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Under Armour Inc (UAA): Kohl’s Results Bode Well For UnderArmour – Jefferies – StreetInsider.com (streetinsider.com)
- Company: Under Armour – Stock: Over Value (seekingalpha.com)
UAA has been the topic of several recent analyst reports. FBR & Co reaffirmed an “underperform” rating and set a $14.00 price target on shares of Under Armour in a research report on Friday, April 14th. Robert W. Baird reaffirmed an “underperform” rating and set a $14.00 price target on shares of Under Armour in a research report on Friday, April 14th. Deutsche Bank AG reaffirmed a “hold” rating and set a $17.00 price target on shares of Under Armour in a research report on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target on shares of Under Armour in a research report on Sunday, April 23rd. Finally, 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. Twelve investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.29.
Shares of Under Armour (NYSE UAA) traded down 0.86% during trading on Friday, reaching $18.55. The company’s stock had a trading volume of 2,415,545 shares. The stock’s 50-day moving average is $20.15 and its 200-day moving average is $20.60. Under Armour has a 12-month low of $17.92 and a 12-month high of $43.85. The stock has a market cap of $8.18 billion, a P/E ratio of 37.55 and a beta of -0.07.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Under Armour will post $0.38 earnings per share for the current fiscal year.
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About Under Armour
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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