Equities analysts expect that Under Armour Inc (NYSE:UAA) will report sales of $1.30 billion for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Under Armour’s earnings, with estimates ranging from $1.23 billion to $1.34 billion. Under Armour posted sales of $1.31 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.8%. The company is expected to announce its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Under Armour will report full-year sales of $1.30 billion for the current fiscal year, with estimates ranging from $4.84 billion to $4.95 billion. For the next year, analysts expect that the business will report sales of $5.17 billion per share, with estimates ranging from $4.81 billion to $5.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Under Armour.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour’s revenue for the quarter was down 4.5% on a year-over-year basis.

A number of research firms recently weighed in on UAA. UBS Group lowered their price objective on shares of Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Wedbush reiterated a “neutral” rating and issued a $11.00 price objective (down from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and issued a $15.00 price objective (down from $18.00) on shares of Under Armour in a research report on Thursday, October 12th. Finally, Guggenheim lowered shares of Under Armour from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. Seventeen investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.09.

Several institutional investors have recently added to or reduced their stakes in UAA. Vanguard Group Inc. purchased a new stake in shares of Under Armour in the 2nd quarter worth about $393,172,000. BlackRock Inc. purchased a new stake in shares of Under Armour in the 2nd quarter worth about $238,861,000. State Street Corp purchased a new stake in shares of Under Armour in the 2nd quarter worth about $157,325,000. Bamco Inc. NY purchased a new stake in shares of Under Armour in the 2nd quarter worth about $151,334,000. Finally, Hexavest Inc. purchased a new stake in shares of Under Armour in the 4th quarter worth about $39,368,000. Institutional investors and hedge funds own 31.00% of the company’s stock.

Under Armour (NYSE UAA) traded down $0.18 during trading hours on Monday, reaching $15.12. 4,627,816 shares of the company were exchanged, compared to its average volume of 6,049,833. Under Armour has a 1 year low of $11.40 and a 1 year high of $30.58. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6,450.00, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 3.76 and a beta of 0.04.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Anticipate Under Armour Inc (UAA) Will Post Quarterly Sales of $1.30 Billion” was first reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.dailypolitical.com/2018/01/15/zacks-brokerages-anticipate-under-armour-inc-uaa-will-post-quarterly-sales-of-1-30-billion.html.

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.

Get a free copy of the Zacks research report on Under Armour (UAA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.