Under Armour (UA) Posts Earnings Results, Beats Expectations By $0.13 EPS

Under Armour (NYSE:UA) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.13, MarketWatch Earnings reports. The company had revenue of $1.44 billion for the quarter. Under Armour updated its FY 2018 guidance to $0.19-0.22 EPS.

NYSE:UA traded down $0.39 during mid-day trading on Wednesday, hitting $20.58. 319,433 shares of the company’s stock traded hands, compared to its average volume of 2,207,419. Under Armour has a twelve month low of $10.36 and a twelve month high of $22.68. The firm has a market capitalization of $7.36 billion, a P/E ratio of 107.95 and a beta of -0.67.

In related news, CFO David Bergman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total transaction of $99,450.00. Following the transaction, the chief financial officer now directly owns 165,166 shares of the company’s stock, valued at approximately $3,285,151.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.00% of the company’s stock.



A number of equities research analysts recently weighed in on the company. Cowen set a $21.00 price objective on Under Armour and gave the stock a “hold” rating in a research note on Tuesday. Piper Jaffray Companies restated a “hold” rating and set a $20.00 price objective on shares of Under Armour in a research note on Thursday, July 26th. Pivotal Research restated a “hold” rating and set a $21.00 price objective on shares of Under Armour in a research note on Tuesday, July 17th. Wedbush upped their price objective on Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, July 20th. Finally, ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Eight research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $15.06.

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 for Under Armour (NYSE:UA)

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