Brokerages expect that Under Armour Inc (NYSE:UAA) will report $1.49 billion in sales for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for Under Armour’s earnings, with estimates ranging from $1.46 billion to $1.56 billion. Under Armour reported sales of $1.47 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.

On average, analysts expect that Under Armour will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.31 billion. For the next year, analysts anticipate that the business will post sales of $5.85 billion per share, with estimates ranging from $5.44 billion to $6.19 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Under Armour.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a negative net margin of 1.13% and a negative return on equity of 2.44%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year.

A number of equities analysts have commented on UAA shares. Morgan Stanley reduced their target price on shares of Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Wedbush restated a “neutral” rating and set a $17.00 price target (down previously from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr lowered Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target on the stock. in a research note on Wednesday, August 9th. Nomura dropped their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating on the stock in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research note on Friday, June 16th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.65.

Shares of Under Armour (NYSE:UAA) opened at 17.33 on Friday. The company’s 50-day moving average is $18.17 and its 200 day moving average is $19.77. Under Armour has a 12 month low of $15.92 and a 12 month high of $40.14. The stock has a market capitalization of $7.64 billion, a P/E ratio of 35.08 and a beta of -0.04.

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Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. acquired a new stake in shares of Under Armour in the 2nd quarter worth $118,000. Cornerstone Advisors Inc. acquired a new stake in shares of Under Armour in the 2nd quarter worth $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Under Armour in the 2nd quarter worth $129,000. WFG Advisors LP acquired a new stake in shares of Under Armour in the 2nd quarter worth $132,000. Finally, Global X Management Co. LLC acquired a new stake in shares of Under Armour in the 2nd quarter worth $134,000. 30.53% of the stock is owned by institutional investors and hedge funds.

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

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