Under Armour (NYSE:UA) issued its earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, RTT News reports. The business had revenue of $1.37 billion during the quarter. Under Armour had a net margin of 2.94% and a return on equity of 9.38%. During the same quarter last year, the company earned $0.23 EPS.
Under Armour (NYSE UA) traded up $0.96 during trading hours on Wednesday, reaching $16.25. The company had a trading volume of 8,278,222 shares, compared to its average volume of 5,926,893. Under Armour has a 12-month low of $10.36 and a 12-month high of $21.81. The firm has a market capitalization of $5,821.57, a P/E ratio of 50.31 and a beta of 0.70.
A number of brokerages have recently weighed in on UA. DA Davidson downgraded Under Armour to a “hold” rating and set a $15.00 target price on the stock. in a report on Tuesday, October 31st. Vetr downgraded Under Armour from a “strong-buy” rating to a “hold” rating and set a $14.92 target price on the stock. in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Under Armour from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday. FBR & Co reiterated a “sell” rating and issued a $10.00 target price on shares of Under Armour in a report on Tuesday, October 31st. Finally, Oppenheimer reiterated a “hold” rating on shares of Under Armour in a report on Tuesday, October 31st. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and an average target price of $15.81.
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.
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.