Zacks: Brokerages Expect Under Armour, Inc. (NYSE:UAA) to Announce $0.14 EPS

Equities analysts forecast that Under Armour, Inc. (NYSE:UAA) will post earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Under Armour’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.04. Under Armour reported earnings of $0.26 per share during the same quarter last year, which would suggest a negative year over year growth rate of 46.2%. The firm is expected to issue its next earnings report on Friday, October 29th.

On average, analysts expect that Under Armour will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.24 to $0.60. For the next fiscal year, analysts forecast that the business will report earnings of $0.62 per share, with EPS estimates ranging from $0.37 to $0.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Under Armour.

Under Armour (NYSE:UAA) last announced its earnings results on Monday, August 2nd. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.18. Under Armour had a return on equity of 21.12% and a net margin of 6.62%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned ($0.31) earnings per share. The company’s revenue was up 91.0% on a year-over-year basis.

A number of brokerages have issued reports on UAA. B. Riley upped their target price on Under Armour from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 4th. Credit Suisse Group set a $26.00 price target on shares of Under Armour in a report on Wednesday, August 4th. Morgan Stanley raised their price objective on shares of Under Armour from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 4th. Robert W. Baird boosted their target price on shares of Under Armour from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 4th. Finally, Zacks Investment Research cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research report on Tuesday, October 5th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Under Armour currently has a consensus rating of “Buy” and a consensus price target of $26.64.

Shares of NYSE UAA opened at $20.45 on Monday. The company has a quick ratio of 1.66, a current ratio of 2.31 and a debt-to-equity ratio of 0.44. Under Armour has a fifty-two week low of $12.26 and a fifty-two week high of $26.45. The business has a 50 day moving average price of $22.53 and a two-hundred day moving average price of $22.09. The firm has a market cap of $9.58 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29.

A number of hedge funds have recently modified their holdings of UAA. Legal & General Group Plc raised its stake in Under Armour by 13.3% during the 2nd quarter. Legal & General Group Plc now owns 479,583 shares of the company’s stock valued at $10,143,000 after acquiring an additional 56,121 shares in the last quarter. Paloma Partners Management Co raised its stake in shares of Under Armour by 58.3% during the first quarter. Paloma Partners Management Co now owns 45,776 shares of the company’s stock valued at $1,014,000 after purchasing an additional 16,862 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Under Armour by 47.3% in the second quarter. BNP Paribas Arbitrage SA now owns 544,879 shares of the company’s stock worth $11,524,000 after purchasing an additional 175,019 shares during the period. Deutsche Bank AG lifted its holdings in Under Armour by 11.5% in the second quarter. Deutsche Bank AG now owns 1,698,121 shares of the company’s stock worth $35,916,000 after purchasing an additional 175,004 shares during the period. Finally, Prudential Financial Inc. grew its position in Under Armour by 24.9% in the 1st quarter. Prudential Financial Inc. now owns 166,953 shares of the company’s stock valued at $3,699,000 after buying an additional 33,247 shares in the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S.

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

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