Under Armour, Inc. Expected to Post FY2017 Earnings of $0.20 Per Share (UAA)
Under Armour, Inc. (NYSE:UAA) – Stock analysts at William Blair reduced their FY2017 earnings per share estimates for Under Armour in a report issued on Tuesday. William Blair analyst S. Zackfia now expects that the company will earn $0.20 per share for the year, down from their previous estimate of $0.38. William Blair also issued estimates for Under Armour’s Q4 2017 earnings at $0.01 EPS and Q4 2018 earnings at $0.17 EPS.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm 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 business’s revenue for the quarter was down 4.5% compared to the same quarter last year. WARNING: “Under Armour, Inc. Expected to Post FY2017 Earnings of $0.20 Per Share (UAA)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/under-armour-inc-expected-to-post-fy2017-earnings-of-0-20-per-share-uaa.html.
Several other analysts also recently commented on UAA. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Susquehanna Bancshares Inc increased their price objective on Under Armour from $14.00 to $17.00 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 objective for the company in a research note on Monday, July 10th. Zacks Investment Research downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, OTR Global reissued a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Eighteen analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.24.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new stake in Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. purchased a new stake in Under Armour during the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in Under Armour during the second quarter valued at about $129,000. WFG Advisors LP purchased a new stake in Under Armour during the second quarter valued at about $132,000. Finally, Global X Management Co. LLC purchased a new stake in Under Armour during the second quarter valued at about $134,000. Institutional investors and hedge funds own 30.43% of the company’s stock.
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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