Under Armour, Inc. (NYSE:UAA) – William Blair dropped their FY2017 earnings per share estimates for Under Armour in a research report issued to clients and investors on Monday. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.38 per share for the year, down from their previous estimate of $0.39. William Blair also issued estimates for Under Armour’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.42 EPS and FY2019 earnings at $0.49 EPS.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The company’s quarterly revenue was up 8.7% compared to the same quarter last year.

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UAA has been the subject of a number of other research reports. Vetr lowered Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price target for the company. in a report on Thursday, September 7th. Deutsche Bank AG lowered Under Armour from a “hold” rating to a “sell” rating and lowered their price target for the company from $20.27 to $17.00 in a report on Tuesday, July 25th. Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target on shares of Under Armour in a report on Thursday, August 24th. Finally, Buckingham Research reiterated an “underperform” rating and issued a $15.00 price target on shares of Under Armour in a report on Thursday, July 27th. Fourteen analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.68.

Under Armour (UAA) opened at 16.85 on Tuesday. The stock has a 50 day moving average price of $16.84 and a 200 day moving average price of $19.03. Under Armour has a 12 month low of $15.92 and a 12 month high of $33.64. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 34.11 and a beta of -0.02.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour during the 1st quarter worth about $405,000. Private Asset Management Inc. acquired a new position in shares of Under Armour during the 2nd quarter worth about $923,000. DnB Asset Management AS acquired a new position in shares of Under Armour during the 2nd quarter worth about $405,000. Xact Kapitalforvaltning AB acquired a new position in shares of Under Armour during the 2nd quarter worth about $474,000. Finally, Burns J W & Co. Inc. NY acquired a new position in shares of Under Armour during the 2nd quarter worth about $480,000. Hedge funds and other institutional investors own 30.48% of the company’s stock.

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.

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

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