Analysts Expect Under Armour, Inc. (UAA) Will Post Earnings of $0.15 Per Share
Equities research analysts predict that Under Armour, Inc. (NYSE:UAA) will announce earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have issued estimates for Under Armour’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.01. Under Armour reported earnings per share of $0.23 during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.8%. The company is scheduled to report its next earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Under Armour will report full-year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.39. For the next year, analysts expect that the business will report earnings of $0.36 per share, with EPS estimates ranging from $0.12 to $0.46. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Under Armour.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business’s revenue was down 4.5% compared to the same quarter last year.
Several brokerages have issued reports on UAA. Susquehanna Bancshares Inc lifted their price target on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research note on Monday, July 10th. OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG lowered Under Armour from a “hold” rating to a “sell” rating and dropped their price target for the stock from $20.27 to $17.00 in a research note on Tuesday, July 25th. Nineteen equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.18.
A number of hedge funds have recently added to or reduced their stakes in UAA. Nomura Asset Management Co. Ltd. bought a new position in Under Armour in the 1st quarter valued at approximately $405,000. Private Asset Management Inc. bought a new position in Under Armour in the 2nd quarter valued at approximately $923,000. DnB Asset Management AS bought a new position in Under Armour in the 2nd quarter valued at approximately $405,000. Xact Kapitalforvaltning AB bought a new position in Under Armour in the 2nd quarter valued at approximately $474,000. Finally, Burns J W & Co. Inc. NY bought a new position in Under Armour in the 2nd quarter valued at approximately $480,000. 30.43% of the stock is currently 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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