$1.42 Billion in Sales Expected for Under Armour Inc (NYSE:UAA) This Quarter

Wall Street analysts expect Under Armour Inc (NYSE:UAA) to announce $1.42 billion in sales for the current quarter, Zacks reports. Thirteen analysts have provided estimates for Under Armour’s earnings. The lowest sales estimate is $1.40 billion and the highest is $1.52 billion. Under Armour reported sales of $1.44 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The business is expected to announce its next earnings report on Tuesday, October 29th.

On average, analysts expect that Under Armour will report full year sales of $5.36 billion for the current financial year, with estimates ranging from $5.29 billion to $5.41 billion. For the next fiscal year, analysts expect that the company will report sales of $5.66 billion, with estimates ranging from $5.44 billion to $5.83 billion. Zacks’ sales 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 Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS.



Several equities analysts have recently weighed in on the company. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 price objective (up from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised Under Armour from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $29.00 in a research report on Friday, May 17th. Wells Fargo & Co boosted their price target on Under Armour from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $26.00 price target on shares of Under Armour in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.47.

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC purchased a new stake in Under Armour during the 1st quarter worth approximately $25,000. Liberty Wealth Management LLC purchased a new stake in Under Armour during the 2nd quarter worth approximately $25,000. Rehmann Capital Advisory Group purchased a new stake in Under Armour during the 1st quarter worth approximately $28,000. Ossiam purchased a new stake in Under Armour during the 2nd quarter worth approximately $30,000. Finally, Bremer Bank National Association purchased a new stake in Under Armour during the 1st quarter worth approximately $42,000. 37.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE UAA traded up $0.14 during midday trading on Monday, hitting $18.65. The stock had a trading volume of 3,317,900 shares, compared to its average volume of 6,226,360. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 69.07, a PEG ratio of 2.08 and a beta of 0.51. Under Armour has a 1-year low of $16.52 and a 1-year high of $27.72. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $24.50 and a 200 day moving average price of $23.11.

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 and cold.

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

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