Q3 2017 EPS Estimates for Under Armour, Inc. (NYSE:UAA) Cut by Analyst
Under Armour, Inc. (NYSE:UAA) – Equities researchers at Forward View cut their Q3 2017 EPS estimates for Under Armour in a report released on Thursday. Forward View analyst N. Yates now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.20.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/q3-2017-eps-estimates-for-under-armour-inc-nyseuaa-cut-by-analyst/1471527.html.
A number of other brokerages also recently commented on UAA. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Wells Fargo & Company reissued a “market perform” rating and issued a $19.00 price target on shares of Under Armour in a report on Friday, June 9th. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price target for the company. in a report on Monday, June 12th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a report on Friday, June 16th. Finally, UBS AG increased their price target on Under Armour from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.29.
Shares of Under Armour (NYSE UAA) opened at 18.71 on Friday. Under Armour has a 12 month low of $17.92 and a 12 month high of $43.85. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 37.87 and a beta of -0.07. The stock’s 50 day moving average price is $20.21 and its 200 day moving average price is $20.67.
A number of institutional investors have recently bought and sold shares of UAA. Cornerstone Advisors Inc. bought a new position in Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan bought a new position in Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC bought a new position in Under Armour during the second quarter valued at $134,000. Hudock Capital Group LLC bought a new position in Under Armour during the second quarter valued at $134,000. Finally, Armor Investment Advisors LLC bought a new position in Under Armour during the second quarter valued at $134,000. Institutional investors own 29.27% of the company’s stock.
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.
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