Analysts Offer Predictions for Under Armour Inc’s FY2019 Earnings (UAA)

Under Armour Inc (NYSE:UAA) – Equities research analysts at William Blair dropped their FY2019 earnings per share (EPS) estimates for shares of Under Armour in a research report issued on Tuesday. William Blair analyst S. Zackfia now expects that the company will earn $0.32 per share for the year, down from their prior estimate of $0.33.

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

Several other analysts also recently weighed in on the company. Buckingham Research assumed coverage on Under Armour in a report on Friday. They issued a “neutral” rating and a $17.00 target price for the company. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $13.90 price objective for the company. in a research note on Wednesday. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Eighteen research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.16.

Under Armour (NYSE:UAA) traded down $0.05 during trading on Wednesday, hitting $15.87. The stock had a trading volume of 9,092,993 shares, compared to its average volume of 6,971,023. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $31.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. The stock has a market cap of $6,740.00, a P/E ratio of 49.59, a P/E/G ratio of 4.15 and a beta of 0.04.

Hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department purchased a new position in shares of Under Armour during the 2nd quarter worth approximately $4,363,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Under Armour during the 2nd quarter worth approximately $15,325,000. Regal Investment Advisors LLC purchased a new position in shares of Under Armour during the 2nd quarter worth approximately $730,000. Janus Henderson Group PLC acquired a new stake in shares of Under Armour in the 2nd quarter worth approximately $1,007,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Under Armour by 23.6% in the 3rd quarter. Mackenzie Financial Corp now owns 171,033 shares of the company’s stock worth $2,819,000 after acquiring an additional 32,646 shares during the period. 30.98% 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.

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

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