Q1 2018 Earnings Forecast for Under Armour, Inc. (UAA) Issued By SunTrust Banks
Under Armour, Inc. (NYSE:UAA) – Equities researchers at SunTrust Banks issued their Q1 2018 earnings estimates for Under Armour in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst P. Quintiliano forecasts that the company will post earnings of $0.00 per share for the quarter. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Under Armour’s Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.35 EPS.
A number of other analysts have also recently commented on the company. Vetr cut Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price target on the stock. in a research report on Thursday, September 7th. Deutsche Bank AG cut 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 report on Tuesday, July 25th. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price target on shares of Under Armour in a research report on Thursday, August 24th. Finally, Buckingham Research reissued an “underperform” rating and issued a $15.00 price target on shares of Under Armour in a research report on Thursday, July 27th. Nineteen analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the stock. Under Armour presently has an average rating of “Hold” and an average price target of $17.24.
COPYRIGHT VIOLATION NOTICE: “Q1 2018 Earnings Forecast for Under Armour, Inc. (UAA) Issued By SunTrust Banks” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/11/02/q1-2018-earnings-forecast-for-under-armour-inc-uaa-issued-by-suntrust-banks.html. Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for 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 company’s revenue was down 4.5% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. Baillie Gifford & Co. purchased a new position in Under Armour during the second quarter valued at approximately $532,573,000. Vanguard Group Inc. purchased a new position in Under Armour during the second quarter valued at approximately $393,172,000. BlackRock Inc. purchased a new position in Under Armour during the second quarter valued at approximately $238,861,000. State Street Corp purchased a new position in Under Armour during the second quarter valued at approximately $157,325,000. Finally, Bamco Inc. NY purchased a new position in Under Armour during the second quarter valued at approximately $151,334,000. 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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