Under Armour Inc (NYSE:UAA) Expected to Announce Earnings of -$0.06 Per Share

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Wall Street analysts expect Under Armour Inc (NYSE:UAA) to report ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Under Armour’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.04). Under Armour reported earnings of ($0.08) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that Under Armour will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.43. For the next financial year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.35 to $0.65. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Under Armour.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. The business’s quarterly revenue was up 1.6% on a year-over-year basis.

UAA has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Medidata Solutions in a research note on Thursday, June 13th. Credit Suisse Group raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Tuesday, April 30th. Citigroup initiated coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. set a $195.00 target price on shares of bluebird bio and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.88.

NYSE:UAA traded up $0.37 during mid-day trading on Thursday, reaching $27.01. 164,083 shares of the company were exchanged, compared to its average volume of 3,416,948. Under Armour has a 12 month low of $16.52 and a 12 month high of $27.69. The firm’s fifty day moving average is $26.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02. The stock has a market capitalization of $12.16 billion, a PE ratio of 99.59, a PEG ratio of 2.86 and a beta of 0.47.

Several large investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC raised its position in shares of Under Armour by 4.0% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 9,920 shares of the company’s stock valued at $210,000 after acquiring an additional 379 shares during the period. Wealthstreet Investment Advisors LLC raised its position in shares of Under Armour by 1.1% in the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 42,060 shares of the company’s stock valued at $1,066,000 after acquiring an additional 470 shares during the period. Piedmont Investment Advisors Inc. raised its position in shares of Under Armour by 3.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 13,473 shares of the company’s stock valued at $285,000 after acquiring an additional 498 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Under Armour by 7.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,979 shares of the company’s stock valued at $232,000 after acquiring an additional 744 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Under Armour by 1.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 63,582 shares of the company’s stock worth $1,344,000 after buying an additional 757 shares during the period. Institutional investors and hedge funds own 37.91% of the company’s stock.

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 and cold.

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Earnings History and Estimates for Under Armour (NYSE:UAA)

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