Under Armour, Inc. Expected to Post Q3 2018 Earnings of $0.20 Per Share (UAA)
Under Armour, Inc. (NYSE:UAA) – Analysts at DA Davidson issued their Q3 2018 EPS estimates for shares of Under Armour in a research note issued to investors on Tuesday. DA Davidson analyst A. Burns anticipates that the company will post earnings per share of $0.20 for the quarter. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Under Armour’s Q4 2018 earnings at $0.07 EPS.
Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/under-armour-inc-expected-to-post-q3-2018-earnings-of-0-20-per-share-uaa/1678060.html.
UAA has been the topic of several other research reports. Wells Fargo & Company dropped their price objective on Under Armour to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday. OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research note on Tuesday, July 18th. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Zacks Investment Research cut Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a report on Friday, July 7th. Nineteen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and an average price target of $17.18.
Shares of Under Armour (NYSE UAA) opened at $11.61 on Thursday. The company has a market capitalization of $5,194.83, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 3.49 and a beta of -0.15. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 0.37.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aviva PLC acquired a new position in shares of Under Armour during the second quarter valued at about $2,486,000. State of Tennessee Treasury Department acquired a new position in shares of Under Armour during the second quarter valued at about $4,363,000. Chilton Investment Co. LLC acquired a new position in shares of Under Armour during the second quarter valued at about $18,697,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Under Armour during the second quarter valued at about $15,325,000. Finally, BKS Advisors LLC acquired a new position in shares of Under Armour during the second quarter valued at about $1,224,000. Hedge funds and other institutional investors own 30.43% of the company’s stock.
About Under Armour
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.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.