Under Armour (UA) Set to Announce Quarterly Earnings on Thursday
Under Armour (NYSE:UA) is scheduled to be posting its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Under Armour to post earnings of $0.66 per share and revenue of $709.69 million for the quarter.
Under Armour (NYSE:UA) last announced its earnings results on Thursday, July 25th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $455.00 million for the quarter, compared to the consensus estimate of $448.91 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis.
Under Armour (NYSE:UA) opened at 83.23 on Wednesday. Under Armour has a 1-year low of $44.32 and a 1-year high of $81.64. The stock has a 50-day moving average of $72.88 and a 200-day moving average of $60.93. The company has a market cap of $8.780 billion and a price-to-earnings ratio of 66.85.
A number of research firms have recently commented on UA. Analysts at Deutsche Bank raised their price target on shares of Under Armour from $65.00 to $70.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Under Armour from $76.00 to $92.00 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Under Armour from $64.00 to $79.00 in a research note to investors on Friday, October 18th. They now have a “not rated” rating on the stock. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $71.52.
Under Armour, Inc (NYSE:UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.
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