Q1 2023 EPS Estimates for Under Armour, Inc. Reduced by Analyst (NYSE:UAA)

Under Armour, Inc. (NYSE:UAAGet Rating) – Stock analysts at Telsey Advisory Group lowered their Q1 2023 earnings per share (EPS) estimates for Under Armour in a research note issued to investors on Monday, May 9th. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.06. Telsey Advisory Group currently has a “Outperform” rating and a $25.00 price target on the stock. Telsey Advisory Group also issued estimates for Under Armour’s Q2 2023 earnings at $0.25 EPS, Q3 2023 earnings at $0.17 EPS, FY2023 earnings at $0.66 EPS and FY2024 earnings at $0.76 EPS.

Several other research analysts also recently weighed in on UAA. JPMorgan Chase & Co. dropped their target price on shares of Under Armour from $28.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 9th. Cowen dropped their target price on shares of Under Armour from $27.00 to $17.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Under Armour from $35.00 to $21.00 in a research report on Monday. Argus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, February 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Under Armour from $18.00 to $13.00 in a research report on Friday, May 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $22.33.

Under Armour stock opened at $10.39 on Wednesday. The firm’s 50 day simple moving average is $15.83 and its 200-day simple moving average is $19.31. The company has a market cap of $4.95 billion, a P/E ratio of 22.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.30 and a quick ratio of 1.74. Under Armour has a fifty-two week low of $10.13 and a fifty-two week high of $27.28.

Under Armour (NYSE:UAAGet Rating) last announced its quarterly earnings data on Friday, May 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. Under Armour had a return on equity of 20.66% and a net margin of 6.34%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of Under Armour by 83.9% in the fourth quarter. Renaissance Technologies LLC now owns 6,531,305 shares of the company’s stock worth $138,398,000 after buying an additional 2,979,005 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Under Armour by 69.0% in the fourth quarter. Invesco Ltd. now owns 5,197,260 shares of the company’s stock worth $110,131,000 after buying an additional 2,122,406 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Under Armour by 121.2% in the third quarter. Bank of New York Mellon Corp now owns 3,255,808 shares of the company’s stock worth $65,701,000 after buying an additional 1,784,189 shares during the last quarter. Mane Global Capital Management LP acquired a new stake in shares of Under Armour in the fourth quarter worth $30,439,000. Finally, Candlestick Capital Management LP acquired a new stake in shares of Under Armour in the third quarter worth $26,781,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Under Armour announced that its Board of Directors has authorized a share buyback program on Wednesday, February 23rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Under Armour Company Profile (Get Rating)

Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

Further Reading

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

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.