Brokerages forecast that Under Armour Inc (NYSE:UAA) will post sales of $1.31 billion for the current fiscal quarter, according to Zacks. Fifteen analysts have provided estimates for Under Armour’s earnings, with estimates ranging from $1.23 billion to $1.36 billion. Under Armour also posted sales of $1.31 billion during the same quarter last year. The business is scheduled to issue its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Under Armour will report full year sales of $1.31 billion for the current year, with estimates ranging from $4.84 billion to $4.97 billion. For the next year, analysts expect that the company will post sales of $5.17 billion per share, with estimates ranging from $4.81 billion to $5.46 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Under Armour.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Under Armour to $11.00 and set an “underperform” rating on the stock in a report on Tuesday, October 31st. Credit Suisse Group upped their price target on shares of Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 price target on the stock. in a report on Monday. Finally, Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Under Armour in a report on Tuesday, October 3rd. Eighteen analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.92.

Under Armour (UAA) traded down $0.13 during midday trading on Tuesday, hitting $13.50. 3,726,200 shares of the stock were exchanged, compared to its average volume of 5,524,213. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6,020.33, a PE ratio of 33.24, a PEG ratio of 4.03 and a beta of -0.13. Under Armour has a 12-month low of $11.40 and a 12-month high of $33.05.

Several hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new stake in shares of Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. purchased a new stake in shares of Under Armour during the second quarter valued at about $393,172,000. BlackRock Inc. purchased a new stake in shares of Under Armour during the second quarter valued at about $238,861,000. Bamco Inc. NY lifted its position in shares of Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of Under Armour during the second quarter valued at about $157,325,000. 31.22% of the stock is owned by institutional investors and hedge funds.

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

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