Under Armour (NYSE:UAA) announced its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.12, MarketWatch Earnings reports. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Under Armour had a negative net margin of 16.60% and a negative return on equity of 7.96%. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) earnings per share. Under Armour updated its FY 2021 guidance to 0.280-0.300 EPS and its FY21 guidance to $0.28-$0.30 EPS.
Shares of UAA stock traded down $0.70 on Tuesday, hitting $23.47. The stock had a trading volume of 155,810 shares, compared to its average volume of 5,511,888. Under Armour has a 12-month low of $7.15 and a 12-month high of $24.75. The business has a 50 day moving average of $22.82 and a 200 day moving average of $19.20. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.32. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of -14.74, a price-to-earnings-growth ratio of 8.99 and a beta of 1.13.
UAA has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Under Armour from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, January 7th. Stifel Nicolaus lifted their price target on shares of Under Armour from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Morgan Stanley boosted their price target on Under Armour from $13.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 11th. Piper Sandler raised Under Armour from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $28.00 in a report on Thursday, February 11th. Finally, Jefferies Financial Group raised their price target on Under Armour from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has a consensus rating of “Hold” and an average price target of $21.59.
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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