Under Armour, Inc. (NYSE:UAA) – Equities researchers at DA Davidson issued their Q3 2018 earnings per share estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday. DA Davidson analyst A. Burns anticipates that the company will post earnings of $0.20 per share for the quarter. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Under Armour’s Q4 2018 earnings at $0.07 EPS.

UAA has been the topic of several other reports. Wells Fargo & Company dropped their price target on Under Armour to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday. OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Nineteen analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $17.18.

COPYRIGHT VIOLATION NOTICE: “Research Analysts Set Expectations for Under Armour, Inc.’s Q3 2018 Earnings (UAA)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/research-analysts-set-expectations-for-under-armour-inc-s-q3-2018-earnings-uaa.html.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The company’s revenue was down 4.5% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in UAA. Baillie Gifford & Co. purchased a new position in Under Armour in the second quarter valued at approximately $532,573,000. Vanguard Group Inc. purchased a new position in Under Armour in the second quarter valued at approximately $393,172,000. BlackRock Inc. purchased a new position in Under Armour in the second quarter valued at approximately $238,861,000. State Street Corp purchased a new position in Under Armour in the second quarter valued at approximately $157,325,000. Finally, Bamco Inc. NY purchased a new position in Under Armour in the second quarter valued at approximately $151,334,000. 30.43% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.