FY2019 EPS Estimates for Under Armour Inc (NYSE:UAA) Reduced by Analyst

Under Armour Inc (NYSE:UAA) – Equities research analysts at B. Riley dropped their FY2019 earnings per share estimates for shares of Under Armour in a research note issued on Monday, October 21st. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.32 per share for the year, down from their previous forecast of $0.33. B. Riley also issued estimates for Under Armour’s Q4 2020 earnings at $0.11 EPS.

A number of other research analysts also recently commented on the company. UBS Group lowered their price objective on Under Armour from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective (up from $22.00) on shares of Under Armour in a research note on Thursday, July 25th. Susquehanna Bancshares lowered their price objective on Under Armour from $16.00 to $14.00 and set a “negative” rating for the company in a research note on Friday, October 18th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, October 14th. Finally, Pivotal Research restated a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of Under Armour in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.06.

Shares of UAA opened at $20.86 on Wednesday. The company has a market cap of $9.36 billion, a P/E ratio of 77.26, a PEG ratio of 2.28 and a beta of 0.59. The stock has a fifty day moving average price of $20.00 and a 200 day moving average price of $22.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. Under Armour has a 12 month low of $16.52 and a 12 month high of $27.72.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the business. Wealthstreet Investment Advisors LLC boosted its position in Under Armour by 1.1% during the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 42,060 shares of the company’s stock worth $1,066,000 after acquiring an additional 470 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Under Armour by 0.3% in the second quarter. Prudential Financial Inc. now owns 171,558 shares of the company’s stock valued at $4,349,000 after buying an additional 500 shares during the period. Comerica Bank lifted its holdings in shares of Under Armour by 1.5% in the second quarter. Comerica Bank now owns 35,584 shares of the company’s stock valued at $958,000 after buying an additional 526 shares during the period. Sandy Spring Bank lifted its holdings in shares of Under Armour by 25.7% in the second quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock valued at $71,000 after buying an additional 580 shares during the period. Finally, DNB Asset Management AS lifted its holdings in shares of Under Armour by 3.8% in the third quarter. DNB Asset Management AS now owns 16,333 shares of the company’s stock valued at $326,000 after buying an additional 601 shares during the period. Institutional investors own 38.49% 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 and cold.

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

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