Under Armour Inc (UAA) Forecasted to Earn Q1 2019 Earnings of $0.01 Per Share

Under Armour Inc (NYSE:UAA) – Stock analysts at KeyCorp dropped their Q1 2019 earnings per share estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday, February 12th. KeyCorp analyst E. Yruma now anticipates that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.04. KeyCorp also issued estimates for Under Armour’s Q4 2019 earnings at $0.08 EPS.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ 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 3.96% and a negative net margin of 2.68%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year.

Several other brokerages have also commented on UAA. Wells Fargo & Co lowered Under Armour from a “market perform” rating to an “underperform” rating and set a $23.50 price target on the stock. in a research note on Sunday, December 2nd. Stifel Nicolaus boosted their price target on Under Armour from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Monday, November 5th. Piper Jaffray Companies raised Under Armour from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $32.00 in a research note on Monday, November 5th. Canaccord Genuity boosted their price target on Under Armour from $12.00 to $13.00 and gave the stock a “sell” rating in a research note on Wednesday, October 31st. Finally, ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.01.

Shares of NYSE:UAA opened at $21.78 on Thursday. The company has a market cap of $10.13 billion, a PE ratio of 114.63, a PEG ratio of 2.73 and a beta of 0.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.99. Under Armour has a 12 month low of $15.60 and a 12 month high of $24.96.

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Under Armour by 10.5% in the 4th quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock valued at $42,551,000 after buying an additional 228,475 shares in the last quarter. ARP Americas LP purchased a new stake in Under Armour in the 4th quarter valued at approximately $925,000. Brown Advisory Securities LLC lifted its stake in Under Armour by 5.4% in the 4th quarter. Brown Advisory Securities LLC now owns 14,382 shares of the company’s stock valued at $259,000 after buying an additional 741 shares in the last quarter. Stifel Financial Corp lifted its stake in Under Armour by 5.1% in the 4th quarter. Stifel Financial Corp now owns 173,023 shares of the company’s stock valued at $3,091,000 after buying an additional 8,368 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its stake in Under Armour by 5.0% in the 4th quarter. Natixis Advisors L.P. now owns 22,511 shares of the company’s stock valued at $397,000 after buying an additional 1,077 shares in the last quarter. 38.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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