FBR & Co Comments on Under Armour, Inc.’s FY2017 Earnings (UAA)
Under Armour, Inc. (NYSE:UAA) – Analysts at FBR & Co cut their FY2017 earnings per share (EPS) estimates for Under Armour in a note issued to investors on Tuesday. FBR & Co analyst S. Anderson now expects that the company will post earnings per share of $0.20 for the year, down from their prior forecast of $0.36. FBR & Co currently has a “Sell” rating and a $10.00 target price on the stock. FBR & Co also issued estimates for Under Armour’s Q4 2017 earnings at $0.01 EPS.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates 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.
Other analysts also recently issued research reports about the stock. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research note on Monday, July 17th. Telsey Advisory Group decreased their price objective on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, August 2nd. Citigroup Inc. decreased their price objective on shares of Under Armour to $14.00 and set a “neutral” rating for the company in a research note on Wednesday. Canaccord Genuity downgraded shares of Under Armour from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $15.00 to $8.00 in a research note on Wednesday. Finally, SunTrust Banks, Inc. downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday. Eighteen analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have issued a buy rating to the company. Under Armour currently has an average rating of “Hold” and a consensus target price of $17.24.
A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. D.A. Davidson & CO. acquired a new position in Under Armour during the second quarter valued at $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour during the second quarter valued at $129,000. WFG Advisors LP acquired a new position in Under Armour during the second quarter valued at $132,000. Finally, Global X Management Co. LLC acquired a new position in Under Armour during the second quarter valued at $134,000. Institutional investors own 30.43% 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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