Under Armour (UA) Announces Earnings Results
Under Armour (NYSE:UA) posted its quarterly earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, RTT News reports. The firm had revenue of $1.37 billion during the quarter. Under Armour had a return on equity of 9.38% and a net margin of 2.94%. During the same period last year, the business earned $0.23 EPS.
Under Armour (NYSE:UA) traded up $0.90 on Wednesday, hitting $16.19. The stock had a trading volume of 8,984,411 shares, compared to its average volume of 5,942,652. The company has a market capitalization of $5,821.57, a PE ratio of 50.31 and a beta of 0.70. Under Armour has a 52 week low of $10.36 and a 52 week high of $21.81.
A number of equities analysts recently commented on UA shares. SunTrust Banks downgraded Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research note on Wednesday, November 1st. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $14.80 target price on the stock in a report on Monday, January 29th. Pivotal Research set a $14.00 target price on shares of Under Armour and gave the stock a “hold” rating in a report on Monday. Cowen set a $12.00 target price on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $11.00 target price on shares of Under Armour in a report on Tuesday, November 7th. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.81.
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.
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