William Blair Research Analysts Boost Earnings Estimates for Under Armour, Inc. (UAA)
Under Armour, Inc. (NYSE:UAA) – Research analysts at William Blair raised their Q3 2017 earnings per share estimates for Under Armour in a research report issued to clients and investors on Monday. William Blair analyst S. Zackfia now expects that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. William Blair also issued estimates for Under Armour’s Q4 2017 earnings at $0.23 EPS and Q1 2018 earnings at ($0.02) EPS.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. Under Armour’s quarterly revenue was up 8.7% on a year-over-year basis.
Other equities research analysts also recently issued reports about the company. Susquehanna Bancshares Inc upped their price objective on Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Piper Jaffray Companies cut their target price on Under Armour from $17.00 to $14.00 and set an “average” rating on the stock in a research note on Wednesday, October 11th. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $22.36 target price on the stock in a research note on Monday, July 10th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Under Armour in a research note on Friday, August 11th. Fourteen research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.68.
Shares of Under Armour (UAA) opened at 16.30 on Wednesday. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 33.00 and a beta of -0.02. Under Armour has a 12 month low of $15.92 and a 12 month high of $33.45. The stock has a 50 day moving average price of $16.82 and a 200-day moving average price of $19.00.
Hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. acquired a new stake in Under Armour during the 2nd quarter worth about $532,573,000. Vanguard Group Inc. acquired a new stake in Under Armour during the 2nd quarter worth about $393,172,000. BlackRock Inc. acquired a new stake in Under Armour during the 2nd quarter worth about $238,861,000. State Street Corp acquired a new stake in Under Armour during the 2nd quarter worth about $157,325,000. Finally, Bamco Inc. NY acquired a new stake in Under Armour during the 2nd quarter worth about $151,334,000. 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.
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