Under Armour (NYSE:UAA) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of (0.07)-(0.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). Under Armour also updated its FY18 guidance to $0.14-0.19 EPS.
Under Armour (NYSE:UAA) traded up $2.47 during midday trading on Tuesday, hitting $16.70. The stock had a trading volume of 34,049,741 shares, compared to its average volume of 7,697,223. The company has a market cap of $7,090.00, a P/E ratio of 52.19, a P/E/G ratio of 4.21 and a beta of -0.04. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46.
UAA has been the topic of several analyst reports. Stifel Nicolaus raised Under Armour from a hold rating to a buy rating and boosted their target price for the company from $12.00 to $17.00 in a research report on Friday, December 15th. Wedbush reaffirmed a neutral rating and issued a $11.00 price objective (down previously from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Sanford C. Bernstein reaffirmed an underperform rating and issued a $9.00 price objective (down previously from $14.00) on shares of Under Armour in a research report on Wednesday, November 1st. Piper Jaffray Companies cut their price objective on Under Armour to $11.00 and set a neutral rating on the stock in a research report on Tuesday, October 31st. Finally, UBS Group raised Under Armour to a neutral rating in a research report on Tuesday, November 7th. Eighteen analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $14.35.
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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