Brokerages Anticipate Under Armour Inc (UA) Will Announce Quarterly Sales of $1.16 Billion
Wall Street brokerages predict that Under Armour Inc (NYSE:UA) will report $1.16 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Under Armour’s earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.09 billion. Under Armour reported sales of $1 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The company is scheduled to report its next earnings results on Tuesday, July 25th.
On average, analysts expect that Under Armour will report full-year sales of $1.16 billion for the current fiscal year. For the next financial year, analysts expect that the company will report sales of $0.00 per share. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Under Armour.
Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.20 billion.
UA has been the topic of a number of research reports. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective on the stock in a research note on Monday. Stifel Nicolaus restated a “hold” rating and issued a $19.00 price objective on shares of Under Armour in a research note on Friday, April 28th. Canaccord Genuity set a $20.00 price objective on Under Armour and gave the company a “hold” rating in a research note on Thursday, April 20th. Robert W. Baird restated an “outperform” rating and issued a $25.00 price objective on shares of Under Armour in a research note on Friday, April 14th. Finally, FBR & Co restated a “neutral” rating and issued a $18.00 price objective on shares of Under Armour in a research note on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Under Armour has a consensus rating of “Hold” and a consensus target price of $20.14.
Under Armour (NYSE:UA) traded up 1.30% during trading on Friday, reaching $17.86. 4,110,757 shares of the company were exchanged. The stock has a market capitalization of $7.86 billion and a price-to-earnings ratio of 45.10. Under Armour has a one year low of $17.05 and a one year high of $42.94. The firm’s 50 day moving average price is $18.46 and its 200-day moving average price is $21.70.
In other news, Director A B. Krongard sold 4,717 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $19.70, for a total transaction of $92,924.90. Following the sale, the director now directly owns 73,939 shares in the company, valued at $1,456,598.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kerry D. Chandler sold 5,965 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total value of $118,047.35. Following the sale, the insider now owns 114,108 shares in the company, valued at $2,258,197.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,399 shares of company stock worth $304,605.
Several large investors have recently made changes to their positions in the stock. Thornburg Investment Management Inc. boosted its stake in shares of Under Armour by 10.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 336,946 shares of the company’s stock valued at $9,788,000 after buying an additional 30,722 shares in the last quarter. Mik Capital LLC bought a new stake in shares of Under Armour during the third quarter valued at $45,813,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock valued at $3,517,000 after buying an additional 166,024 shares in the last quarter. Stonehill Capital Management LLC bought a new stake in shares of Under Armour during the fourth quarter valued at $2,240,000. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Under Armour during the fourth quarter valued at $588,000.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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