Brokers Issue Forecasts for Under Armour, Inc.’s FY2017 Earnings (UAA)
Under Armour, Inc. (NYSE:UAA) – Research analysts at Jefferies Group cut their FY2017 earnings estimates for Under Armour in a research report issued to clients and investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the company will earn $0.20 per share for the year, down from their previous estimate of $0.40. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for Under Armour’s Q4 2017 earnings at $0.01 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.04 EPS.
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, beating the Zacks’ consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year.
A number of other brokerages have also weighed in on UAA. Susquehanna Bancshares Inc raised their target price on Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 target price for the company in a research note on Monday, July 10th. OTR Global restated 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 lowered their target price for the company from $20.27 to $17.00 in a research note on Tuesday, July 25th. Eighteen analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.24.
Large investors have recently bought and sold shares of the business. Aviva PLC acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $2,486,000. State of Tennessee Treasury Department acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $4,363,000. Chilton Investment Co. LLC acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $18,697,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $15,325,000. Finally, BKS Advisors LLC acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $1,224,000. 30.43% of the stock is currently owned by hedge funds and other institutional investors.
Under Armour Company Profile
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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