Under Armour Inc (NYSE:UAA) – Analysts at FBR & Co dropped their Q3 2017 earnings per share (EPS) estimates for Under Armour in a report issued on Monday, Zacks Investment Research reports. FBR & Co analyst S. Anderson now anticipates that the company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.26. FBR & Co has a “Neutral” rating and a $39.00 price target on the stock. FBR & Co also issued estimates for Under Armour’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.37 EPS and FY2018 earnings at $0.39 EPS.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.41 billion. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. TRADEMARK VIOLATION NOTICE: This piece of content was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/20/under-armour-inc-uaa-expected-to-post-q3-2017-earnings-of-0-24-per-share-2-updated.html.
A number of other research firms have also recently issued reports on UAA. B. Riley restated a “neutral” rating and set a $22.00 price target on shares of Under Armour in a report on Monday, February 6th. Piper Jaffray Companies reissued a “neutral” rating and issued a $17.00 price target on shares of Under Armour in a research report on Tuesday, April 11th. Canaccord Genuity set a $44.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a report on Sunday, January 15th. Susquehanna Bancshares Inc cut shares of Under Armour in a research note on Monday, February 20th. Finally, Raymond James Financial, Inc. cut shares of Under Armour from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 31st. Seven research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.19.
Shares of Under Armour (NYSE:UAA) traded up 0.57% during midday trading on Tuesday, hitting $19.30. The stock had a trading volume of 1,920,292 shares. Under Armour has a 12-month low of $18.40 and a 12-month high of $47.94. The firm has a market cap of $8.46 billion and a price-to-earnings ratio of 43.37. The company’s 50-day moving average price is $19.62 and its 200-day moving average price is $27.35.
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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