Under Armour, Inc. (UAA) Forecasted to Post FY2017 Earnings of $0.22 Per Share
Under Armour, Inc. (NYSE:UAA) – Stock analysts at Oppenheimer Holdings reduced their FY2017 earnings per share estimates for shares of Under Armour in a research note issued on Tuesday. Oppenheimer Holdings analyst A. Andreeva now forecasts that the company will post earnings of $0.22 per share for the year, down from their previous estimate of $0.36. Oppenheimer Holdings also issued estimates for Under Armour’s Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.12 EPS.
A number of other analysts have also issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Under Armour to $11.00 and set an “underperform” rating for the company in a research note on Tuesday. OTR Global restated a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Credit Suisse Group restated an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Eighteen equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.24.
COPYRIGHT VIOLATION NOTICE: “Under Armour, Inc. (UAA) Forecasted to Post FY2017 Earnings of $0.22 Per Share” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/02/under-armour-inc-uaa-forecasted-to-post-fy2017-earnings-of-0-22-per-share.html. Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour’s quarterly revenue was down 4.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. acquired a new stake in Under Armour during the 2nd quarter worth about $532,573,000. Vanguard Group Inc. acquired a new stake in Under Armour during the 2nd quarter worth about $393,172,000. BlackRock Inc. acquired a new stake in Under Armour during the 2nd quarter worth about $238,861,000. State Street Corp acquired a new stake in Under Armour during the 2nd quarter worth about $157,325,000. Finally, Bamco Inc. NY acquired a new stake in Under Armour during the 2nd quarter worth about $151,334,000. Hedge funds and other 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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