Under Armour (UA) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Share on StockTwits

Under Armour (NYSE:UA) issued its quarterly earnings results on Tuesday. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13, MarketWatch Earnings reports. The firm had revenue of $1.44 billion for the quarter. Under Armour updated its FY 2018 guidance to $0.19-0.22 EPS.

NYSE:UA traded up $1.28 during trading hours on Thursday, hitting $21.11. The company had a trading volume of 4,580,495 shares, compared to its average volume of 3,534,060. The stock has a market cap of $9.33 billion, a P/E ratio of 111.11 and a beta of -0.67. Under Armour has a 1 year low of $10.36 and a 1 year high of $22.68.

Several analysts recently commented on UA shares. Pivotal Research set a $20.00 price target on Under Armour and gave the stock a “hold” rating in a research report on Friday, October 26th. Wedbush boosted their price target on Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, July 20th. Canaccord Genuity set a $12.00 price target on Under Armour and gave the stock a “sell” rating in a research report on Friday, October 26th. Cowen set a $21.00 target price on Under Armour and gave the company a “hold” rating in a report on Tuesday. Finally, TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.86.

In other Under Armour news, CFO David Bergman sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total value of $99,450.00. Following the completion of the sale, the chief financial officer now directly owns 165,166 shares in the company, valued at approximately $3,285,151.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 16.00% of the stock is owned by corporate insiders.

Under Armour Company Profile

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.

Featured Article: Stop Order Uses For Individual Investors

Earnings History for Under Armour (NYSE:UA)

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