Under Armour (NYSE:UAA) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of -$0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). Under Armour also updated its FY19 guidance to $0.33-0.34 EPS.
A number of brokerages have recently issued reports on UAA. Zacks Investment Research lowered shares of Under Armour from a buy rating to a hold rating in a research report on Tuesday, April 16th. ValuEngine raised shares of Under Armour from a hold rating to a buy rating in a research note on Thursday. UBS Group boosted their price target on shares of Under Armour from $21.00 to $23.00 and gave the stock a neutral rating in a research note on Wednesday, February 13th. B. Riley reaffirmed a sell rating and issued a $12.00 target price on shares of Under Armour in a research note on Tuesday, February 5th. Finally, Pivotal Research reiterated a hold rating and issued a $22.00 price target (down previously from $24.00) on shares of Under Armour in a report on Thursday, February 7th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $24.03.
NYSE:UAA traded up $0.08 during mid-day trading on Friday, reaching $23.54. 3,268,109 shares of the company’s stock were exchanged, compared to its average volume of 4,923,237. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02. Under Armour has a one year low of $16.52 and a one year high of $24.96. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 87.19, a P/E/G ratio of 3.30 and a beta of 0.45.
Under Armour (NYSE:UAA) last released its earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.17%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Under Armour will post 0.35 EPS for the current year.
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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 and cold.
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