Under Armour (NYSE:UAA) posted its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10, Briefing.com reports. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Under Armour updated its FY20 guidance to $0.10-0.13 EPS and its Q1 guidance to (0.14-0.15) EPS.
UAA traded up $0.25 during trading on Friday, hitting $17.01. The stock had a trading volume of 200,050 shares, compared to its average volume of 6,747,844. The company has a 50 day moving average price of $20.54 and a 200-day moving average price of $19.91. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 67.86, a P/E/G ratio of 1.62 and a beta of 0.63. Under Armour has a one year low of $16.50 and a one year high of $27.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.29.
A number of research firms have recently commented on UAA. Pivotal Research raised their price target on Under Armour from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Thursday, February 6th. Consumer Edge started coverage on Under Armour in a research report on Friday, December 27th. They issued an “equal weight” rating and a $23.00 target price on the stock. Stifel Nicolaus raised their price target on Under Armour from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird downgraded Under Armour from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $20.00 in a research note on Tuesday, November 5th. Finally, KeyCorp decreased their price target on Under Armour from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Under Armour has a consensus rating of “Hold” and an average target price of $20.81.
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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