Wall Street brokerages expect Under Armour Inc (NYSE:UAA) to post earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Fourteen analysts have issued estimates for Under Armour’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.11. Under Armour reported earnings of $0.22 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 45.5%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 30th.

On average, analysts expect that Under Armour will report full year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.12 to $0.20. For the next year, analysts expect that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.17 to $0.57. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Under Armour.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, July 26th. The company reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Under Armour had a negative net margin of 3.11% and a positive return on equity of 3.32%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year.

A number of equities analysts have commented on UAA shares. Citigroup lifted their price objective on shares of Under Armour from $18.00 to $22.00 and gave the stock a “$21.81” rating in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, October 4th. Morgan Stanley started coverage on shares of Under Armour in a research report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price objective for the company. SunTrust Banks lifted their price objective on shares of Under Armour to $20.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.42.

UAA stock opened at $19.56 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 0.94. Under Armour has a one year low of $11.40 and a one year high of $24.69. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 102.95, a P/E/G ratio of 6.03 and a beta of -0.42.

A number of hedge funds have recently bought and sold shares of the stock. Andra AP fonden raised its stake in Under Armour by 67.5% in the third quarter. Andra AP fonden now owns 182,400 shares of the company’s stock valued at $3,871,000 after purchasing an additional 73,500 shares in the last quarter. North Star Investment Management Corp. raised its stake in Under Armour by 5.4% in the third quarter. North Star Investment Management Corp. now owns 97,125 shares of the company’s stock valued at $2,061,000 after purchasing an additional 5,000 shares in the last quarter. NEXT Financial Group Inc acquired a new position in Under Armour in the third quarter valued at about $138,000. State of Alaska Department of Revenue raised its stake in Under Armour by 12.4% in the third quarter. State of Alaska Department of Revenue now owns 42,866 shares of the company’s stock valued at $908,000 after purchasing an additional 4,716 shares in the last quarter. Finally, Centre Asset Management LLC acquired a new position in Under Armour in the third quarter valued at about $4,592,000. 36.78% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

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, cold, and in between the extremes.

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

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