Under Armour, Inc. to Post Q3 2018 Earnings of $0.24 Per Share, KeyCorp Forecasts (UAA)
Under Armour, Inc. (NYSE:UAA) – KeyCorp increased their Q3 2018 earnings per share estimates for shares of Under Armour in a research report issued on Tuesday. KeyCorp analyst E. Yruma now forecasts that the company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.21. KeyCorp currently has a “Overweight” rating and a $20.00 target price on the stock.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.
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Several other research analysts also recently commented on UAA. Citigroup Inc. dropped their price target on Under Armour to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday. B. Riley dropped their price target on Under Armour from $14.00 to $10.00 and set a “sell” rating on the stock in a research report on Wednesday. Wedbush downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Thursday. Telsey Advisory Group dropped their price target on Under Armour from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $9.00 price target (down from $14.00) on shares of Under Armour in a research report on Wednesday. Nineteen investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.18.
Institutional investors have recently bought and sold shares of the stock. Aviva PLC purchased a new position in Under Armour in the second quarter valued at approximately $2,486,000. State of Tennessee Treasury Department purchased a new position in Under Armour in the second quarter valued at approximately $4,363,000. Chilton Investment Co. LLC purchased a new position in Under Armour in the second quarter valued at approximately $18,697,000. Schwab Charles Investment Management Inc. purchased a new position in Under Armour in the second quarter valued at approximately $15,325,000. Finally, BKS Advisors LLC purchased a new position in Under Armour in the second quarter valued at approximately $1,224,000. Institutional investors and hedge funds 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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