Under Armour Inc (NYSE:UAA) – Equities research analysts at Oppenheimer dropped their Q3 2019 earnings estimates for Under Armour in a report issued on Tuesday, February 12th. Oppenheimer analyst B. Nagel now anticipates that the company will earn $0.27 per share for the quarter, down from their prior estimate of $0.28. Oppenheimer also issued estimates for Under Armour’s Q4 2019 earnings at $0.06 EPS.

A number of other equities analysts have also issued reports on the company. Goldman Sachs Group raised Under Armour from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a research report on Tuesday, January 22nd. OTR Global upgraded Under Armour from a “negative” rating to a “mixed” rating in a research note on Thursday, January 10th. Wells Fargo & Co upgraded Under Armour from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $22.00 to $23.00 in a research note on Friday, November 30th. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Atlantic Securities lowered Under Armour from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour currently has an average rating of “Hold” and a consensus target price of $22.58.

Under Armour stock opened at $21.16 on Thursday. Under Armour has a one year low of $15.60 and a one year high of $24.96. The company has a market cap of $9.77 billion, a P/E ratio of 78.37, a P/E/G ratio of 2.88 and a beta of 0.42. The company has a current ratio of 1.97, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Under Armour had a positive return on equity of 6.11% and a negative net margin of 0.89%. Under Armour’s quarterly revenue was up 1.5% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in UAA. Bremer Trust National Association bought a new stake in shares of Under Armour in the 4th quarter worth approximately $32,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock worth $43,000 after buying an additional 742,694 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Under Armour by 235.9% in the 4th quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock worth $80,000 after buying an additional 3,180 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Under Armour in the 4th quarter worth approximately $99,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Under Armour in the 4th quarter worth approximately $105,000. Institutional investors own 38.05% of the company’s stock.

About Under Armour

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, cold, and in between the extremes.

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

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