Under Armour (NYSE:UAA) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Under Armour (NYSE:UAAGet Free Report) posted its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04, Briefing.com reports. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS.

Under Armour Trading Up 1.0 %

NYSE UAA opened at $6.78 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.51 and a beta of 1.63. The stock’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $7.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.38 and a current ratio of 2.46. Under Armour has a 52 week low of $6.18 and a 52 week high of $9.50.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UAA. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Thursday. Wells Fargo & Company cut their price objective on Under Armour from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday. Truist Financial cut their price objective on Under Armour from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut Under Armour from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $6.00 in a report on Thursday. Finally, BNP Paribas reiterated a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average target price of $7.45.

View Our Latest Stock Report on Under Armour

About Under Armour

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Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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Earnings History for Under Armour (NYSE:UAA)

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