Q4 2018 EPS Estimates for Under Armour Inc (UAA) Reduced by Oppenheimer

Under Armour Inc (NYSE:UAA) – Investment analysts at Oppenheimer decreased their Q4 2018 earnings per share (EPS) estimates for shares of Under Armour in a research report issued on Tuesday, October 30th. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.08. Oppenheimer also issued estimates for Under Armour’s Q1 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.28 EPS, FY2019 earnings at $0.31 EPS and FY2020 earnings at $0.45 EPS.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share.



Several other research firms have also recently weighed in on UAA. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Citigroup boosted their price target on Under Armour from $18.00 to $22.00 and gave the stock a “$21.81” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, October 4th. Canaccord Genuity boosted their price target on Under Armour from $12.00 to $13.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Under Armour from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $16.00 to $20.00 in a report on Friday, September 21st. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.36.

Shares of NYSE UAA opened at $22.11 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 0.94. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 116.37, a price-to-earnings-growth ratio of 5.63 and a beta of -0.42. Under Armour has a 12 month low of $11.40 and a 12 month high of $24.69.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Under Armour by 0.7% in the second quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock valued at $268,631,000 after acquiring an additional 80,926 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Under Armour by 35.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock worth $56,261,000 after buying an additional 658,769 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Under Armour during the 2nd quarter worth approximately $49,446,000. Northern Trust Corp boosted its holdings in shares of Under Armour by 0.6% during the 2nd quarter. Northern Trust Corp now owns 2,031,950 shares of the company’s stock worth $45,679,000 after buying an additional 12,451 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Under Armour during the 2nd quarter worth approximately $31,283,000. Institutional investors and hedge funds own 36.87% of the company’s stock.

About Under Armour

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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