Under Armour (UA) Updates FY 2019 Earnings Guidance
Under Armour (NYSE:UA) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.31-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35. The company issued revenue guidance of $5.349-5.401 billion, compared to the consensus revenue estimate of $5.38 billion.
UA has been the subject of a number of recent research reports. ValuEngine downgraded shares of Under Armour from a buy rating to a hold rating in a research note on Friday, December 7th. Guggenheim reissued a hold rating on shares of Under Armour in a research note on Wednesday, December 12th. Piper Jaffray Companies raised shares of Under Armour to a buy rating and set a $32.00 price objective for the company in a research note on Monday, November 5th. Morgan Stanley set a $21.00 price objective on shares of Under Armour and gave the stock a hold rating in a research note on Tuesday, November 27th. Finally, Cowen set a $21.00 price objective on shares of Under Armour and gave the stock a hold rating in a research note on Tuesday, October 30th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $17.78.
Shares of UA stock opened at $19.15 on Tuesday. The firm has a market cap of $8.54 billion, a PE ratio of 100.79 and a beta of 0.91. Under Armour has a 12-month low of $12.60 and a 12-month high of $23.28.
Under Armour Company Profile
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.
Further Reading: Preferred Stock
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