Wall Street analysts expect Under Armour Inc (NYSE:UAA) to announce $1.37 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for Under Armour’s earnings. The lowest sales estimate is $1.33 billion and the highest is $1.44 billion. Under Armour also reported sales of $1.37 billion in the same quarter last year. The business is scheduled to issue its next earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that Under Armour will report full year sales of $5.18 billion for the current financial year, with estimates ranging from $5.13 billion to $5.24 billion. For the next year, analysts expect that the company will post sales of $5.45 billion, with estimates ranging from $5.24 billion to $5.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Under Armour.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $0.22 EPS. Under Armour’s quarterly revenue was up 2.4% compared to the same quarter last year.
Several brokerages recently issued reports on UAA. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. B. Riley reiterated a “sell” rating on shares of Under Armour in a research report on Friday, July 27th. SunTrust Banks boosted their price objective on Under Armour to $20.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Morgan Stanley started coverage on Under Armour in a research report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price target for the company. Finally, Pivotal Research upped their price target on Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.90.
Shares of UAA opened at $22.75 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. Under Armour has a 52-week low of $11.88 and a 52-week high of $24.69. The company has a market capitalization of $10.37 billion, a P/E ratio of 119.74, a price-to-earnings-growth ratio of 5.19 and a beta of -0.45.
A number of large investors have recently added to or reduced their stakes in UAA. Dimensional Fund Advisors LP boosted its holdings in shares of Under Armour by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 972,972 shares of the company’s stock valued at $15,908,000 after buying an additional 91,063 shares during the last quarter. DnB Asset Management AS acquired a new stake in shares of Under Armour in the 2nd quarter valued at approximately $419,000. IFM Investors Pty Ltd acquired a new stake in shares of Under Armour in the 2nd quarter valued at approximately $230,000. Gateway Investment Advisers LLC acquired a new stake in shares of Under Armour in the 2nd quarter valued at approximately $15,803,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Under Armour in the 2nd quarter valued at approximately $488,000. 36.86% of the stock is owned by hedge funds and other institutional investors.
About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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