Zacks: Analysts Anticipate Under Armour Inc Class A (UAA) Will Post Earnings of $0.14 Per Share

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Equities analysts expect Under Armour Inc Class A (NYSE:UAA) to announce earnings of $0.14 per share for the current quarter, according to Zacks. Fourteen analysts have made estimates for Under Armour Inc Class A’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.11. Under Armour Inc Class A posted earnings of $0.22 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 36.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Under Armour Inc Class A will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.20. For the next fiscal year, analysts expect that the firm will post earnings of $0.34 per share, with EPS estimates ranging from $0.17 to $0.57. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Under Armour Inc Class A.

Under Armour Inc Class A (NYSE:UAA) last released its quarterly earnings data on Thursday, July 26th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Under Armour Inc Class A had a negative net margin of 3.11% and a positive return on equity of 3.32%. Under Armour Inc Class A’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS.

UAA has been the subject of a number of analyst reports. ValuEngine lowered shares of Under Armour Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Goldman Sachs Group began coverage on shares of Under Armour Inc Class A in a report on Monday, June 25th. They set a “neutral” rating and a $22.00 price target on the stock. Wedbush raised their price target on shares of Under Armour Inc Class A from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, July 20th. Credit Suisse Group raised their price target on shares of Under Armour Inc Class A from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Morgan Stanley began coverage on shares of Under Armour Inc Class A in a report on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price target on the stock. Eleven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.34.

NYSE:UAA opened at $20.72 on Tuesday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 109.05, a PEG ratio of 5.68 and a beta of -0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 0.94. Under Armour Inc Class A has a fifty-two week low of $11.40 and a fifty-two week high of $24.69.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Under Armour Inc Class A by 0.7% in the second quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock worth $268,631,000 after buying an additional 80,926 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Under Armour Inc Class A by 3.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,334,352 shares of the company’s stock worth $87,216,000 after buying an additional 181,971 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Under Armour Inc Class A by 35.7% in the second quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock worth $56,261,000 after buying an additional 658,769 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Under Armour Inc Class A in the second quarter worth approximately $49,446,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Under Armour Inc Class A by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,190,900 shares of the company’s stock worth $19,472,000 after buying an additional 67,098 shares during the last quarter. 37.38% of the stock is currently owned by institutional investors.

About Under Armour Inc Class A

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: Leveraged Buyout (LBO)

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

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