Under Armour, Inc. Forecasted to Earn Q1 2018 Earnings of $0.00 Per Share (UAA)
Under Armour, Inc. (NYSE:UAA) – Analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of Under Armour in a research report issued on Tuesday. SunTrust Banks analyst P. Quintiliano forecasts that the company will post earnings per share of $0.00 for the quarter. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Under Armour’s Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.35 EPS.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Under Armour’s quarterly revenue was down 4.5% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Under Armour, Inc. Forecasted to Earn Q1 2018 Earnings of $0.00 Per Share (UAA)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/under-armour-inc-forecasted-to-earn-q1-2018-earnings-of-0-00-per-share-uaa/1678038.html.
Other equities analysts have also issued reports about the company. FBR & Co reaffirmed an “underperform” rating and issued a $14.00 price objective on shares of Under Armour in a research note on Wednesday, August 2nd. Vetr lowered Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective on the stock. in a research note on Monday, July 17th. Telsey Advisory Group reduced their price objective on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 2nd. UBS Group AG (USA) reduced their price objective on Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wedbush lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday. Nineteen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $17.18.
Under Armour (UAA) opened at $11.61 on Thursday. The stock has a market cap of $5,194.83, a P/E ratio of 28.73, a P/E/G ratio of 3.49 and a beta of -0.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 2.23.
A number of hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. acquired a new position in Under Armour during the 2nd quarter worth $532,573,000. Vanguard Group Inc. acquired a new stake in shares of Under Armour in the second quarter valued at $393,172,000. BlackRock Inc. acquired a new stake in shares of Under Armour in the second quarter valued at $238,861,000. State Street Corp acquired a new stake in shares of Under Armour in the second quarter valued at $157,325,000. Finally, Bamco Inc. NY acquired a new stake in shares of Under Armour in the second quarter valued at $151,334,000. Institutional investors own 30.43% 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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