Q3 2018 Earnings Estimate for Under Armour Inc Issued By KeyCorp (UAA)

Under Armour Inc (NYSE:UAA) – KeyCorp lifted their Q3 2018 EPS estimates for shares of Under Armour in a report issued on Tuesday. KeyCorp analyst E. Yruma now expects that the company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.24. KeyCorp also issued estimates for Under Armour’s Q4 2018 earnings at $0.00 EPS, FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.31 EPS.

UAA has been the subject of several other reports. Wells Fargo & Co decreased their price target on Under Armour to $11.00 and set an “underperform” rating for the company in a report on Tuesday, October 31st. Credit Suisse Group increased their price target on Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Buckingham Research began coverage on Under Armour in a report on Friday, January 5th. They set a “neutral” rating and a $17.00 price target for the company. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 price target for the company. in a report on Monday, December 11th. Finally, Macquarie downgraded Under Armour from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $10.00 to $8.00 in a report on Tuesday, January 16th. Nineteen equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Under Armour presently has a consensus rating of “Hold” and an average target price of $14.71.

Shares of Under Armour (NYSE UAA) traded up $0.04 during midday trading on Thursday, hitting $17.80. The company had a trading volume of 1,714,053 shares, compared to its average volume of 7,822,778. The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 0.38. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46. The firm has a market capitalization of $7,440.00, a P/E ratio of -162.23, a PEG ratio of 5.39 and a beta of -0.04.

A number of institutional investors have recently bought and sold shares of UAA. Ameriprise Financial Inc. purchased a new stake in Under Armour during the 2nd quarter worth about $3,498,000. Nationwide Fund Advisors purchased a new stake in Under Armour during the 2nd quarter worth about $1,068,000. FMR LLC purchased a new stake in Under Armour during the 2nd quarter worth about $20,317,000. Suntrust Banks Inc. purchased a new stake in Under Armour in the 2nd quarter valued at about $215,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Under Armour in the 2nd quarter valued at about $409,000. Hedge funds and other institutional investors own 31.93% of the company’s stock.

WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/15/q3-2018-earnings-estimate-for-under-armour-inc-issued-by-keycorp-uaa.html.

Under Armour Company Profile

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)

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.

Leave a Reply