EPS of $0.04 expected for Under Armour, Inc. (NYSE:UAA) this quarter

Equity research analysts expect Under Armour, Inc. (NYSE:UAA – Get Rating) to post earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Eleven analysts have released earnings estimates for Under Armour, with estimates ranging from ($0.03) to $0.12. Under Armor posted earnings per share of $0.24 in the same quarter last year, suggesting a negative 83.3% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Under Armor to report annual earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.78. For next year, analysts expect the company to post earnings of $0.86 per share, with EPS estimates ranging from $0.65 to $1.05. Zacks earnings per share averages are an average based on a survey of research companies that track Under Armour.

Under Armor (NYSE:UAA – Get Rating) last released its results on Friday, May 6. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.04 per ($0.05). The company posted revenue of $1.30 billion in the quarter, compared to analysts’ estimates of $1.34 billion. Under Armor has a net margin of 3.89% and a return on equity of 16.20%. The company’s revenue for the quarter increased 3.4% year over year. During the same period a year earlier, the company posted EPS of $0.16.

(A d)

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

The UAA has been the subject of a number of recent analyst reports. William Blair downgraded Under Armor to a “hold” rating in a Thursday, May 19 report. Credit Suisse Group lowered its price target on Under Armor from $28.00 to $25.00 and set a “neutral” rating on the stock in a Monday, Feb. 14 research report. Morgan Stanley downgraded Under Armor from an “overweight” rating to an “equal weight” rating and reduced its price target for the company from $14.00 to $11.00 in a Thursday, May 19 research report. Wedbush cut its price target on Under Armor to $18.00 and set a “hold” rating on the stock in a Thursday, May 19 research report. Finally, StockNews.com launched coverage on Under Armor in a research report on Thursday, March 31. They have set a “holding” rating on the stock. Fifteen investment analysts gave the stock a hold rating and twelve gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.54.

In other news, Director David W. Gibbs bought 25,000 Under Armor shares in a trade on Tuesday, May 31. The shares were purchased at an average price of $9.60 per share, with a total value of $240,000.00. Following the acquisition, the director now directly owns 50,000 shares of the company, valued at approximately $480,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders of the company hold 16.40% of the shares of the company.

Several hedge funds and other institutional investors have recently changed their positions in the stock. Vanguard Group Inc. increased its holding in Under Armor shares by 5.1% in Q1. Vanguard Group Inc. now owns 20,911,825 shares of the company worth $355,918,000 after purchasing an additional 1,017,211 shares in the last quarter. BlackRock Inc. increased its holding in Under Armor shares by 1.2% in Q1. BlackRock Inc. now owns 11,310,237 shares of the company worth $192,499,000 after purchasing an additional 133,655 shares in the last quarter. State Street Corp increased its position in Under Armor by 2.5% in the 1st quarter. State Street Corp now owns 8,370,427 shares of the company valued at $142,465,000 after acquiring an additional 200,607 shares during the period. Alyeska Investment Group LP increased its position in Under Armor by 96.7% in Q1. Alyeska Investment Group LP now owns 7,462,063 shares of the company valued at $127,004,000 after acquiring an additional 3,668,041 shares during the period. Finally, Renaissance Technologies LLC increased its position in Under Armor by 83.9% in the 4th quarter. Renaissance Technologies LLC now owns 6,531,305 shares of the company valued at $138,398,000 after acquiring an additional 2,979,005 shares during the period. 38.72% of the shares are currently held by institutional investors and hedge funds.

UAA stock was down $0.23 on Friday, hitting $10.30. 36,508 shares of the company were traded, against an average volume of 9,369,079. The stock has a fifty-day moving average of $13.16 and a 200-day moving average of $17.19. Under Armor has a 12-month low of $8.97 and a 12-month high of $27.28. The company has a market capitalization of $4.91 billion, a PE ratio of 21.92 and a beta of 1.27. The company has a quick ratio of 1.74, a current ratio of 2.30 and a debt ratio of 0.32.

Under Armor announced that its board of directors authorized a stock repurchase plan on Wednesday, Feb. 23 that sees the company repurchase $500.00 million in stock. This repurchase authorization allows the company to repurchase up to 6.1% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

About Under Armor (Get a rating)

Under Armour, Inc, together with its subsidiaries, engages in the development, marketing and distribution of performance apparel, footwear and accessories for men, women and youth. The company offers its garments in compression, form-fitting and baggy types. It also provides shoes for running, training, basketball, cleats, recovery and outdoor applications.

Featured articles

Get a Free Copy of Zacks’ Research Report on Under Armor (UAA)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Under Armor (NYSE:UAA)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Under Armor right now?

Before you consider Under Armour, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Under Armor didn’t make the list.

While Under Armor currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.