Analysts Expect Under Armour, Inc. (NYSE:UAA) Will Announce Quarterly Sales of $1.35 Billion

Equities research analysts predict that Under Armour, Inc. (NYSE:UAAGet Rating) will post sales of $1.35 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Under Armour’s earnings, with the lowest sales estimate coming in at $1.31 billion and the highest estimate coming in at $1.40 billion. Under Armour also reported sales of $1.35 billion in the same quarter last year. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Under Armour will report full year sales of $6.08 billion for the current year, with estimates ranging from $6.01 billion to $6.14 billion. For the next fiscal year, analysts anticipate that the business will post sales of $6.53 billion, with estimates ranging from $6.21 billion to $6.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Under Armour.

Under Armour (NYSE:UAAGet Rating) last announced its earnings results on Friday, May 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Under Armour had a return on equity of 16.20% and a net margin of 3.89%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS.

Several brokerages recently issued reports on UAA. Cowen cut their target price on shares of Under Armour from $27.00 to $17.00 in a research note on Monday, May 9th. Argus decreased their price objective on shares of Under Armour from $19.00 to $15.00 in a report on Wednesday, May 11th. BTIG Research upgraded shares of Under Armour from a “sell” rating to a “neutral” rating in a research note on Friday, February 25th. Citigroup reiterated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Friday, February 11th. Finally, Credit Suisse Group dropped their target price on shares of Under Armour from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, February 14th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.29.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV grew its holdings in shares of Under Armour by 3.3% during the 3rd quarter. KBC Group NV now owns 13,295 shares of the company’s stock worth $268,000 after purchasing an additional 427 shares during the period. US Bancorp DE raised its position in shares of Under Armour by 31.0% during the 3rd quarter. US Bancorp DE now owns 1,948 shares of the company’s stock valued at $39,000 after acquiring an additional 461 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Under Armour by 44.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock valued at $37,000 after acquiring an additional 537 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Under Armour by 0.3% during the 4th quarter. New York State Teachers Retirement System now owns 199,707 shares of the company’s stock valued at $4,232,000 after acquiring an additional 632 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Under Armour by 3.8% during the 3rd quarter. HighTower Advisors LLC now owns 18,882 shares of the company’s stock valued at $377,000 after acquiring an additional 694 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

UAA stock opened at $9.64 on Friday. The company has a 50 day simple moving average of $15.07 and a 200 day simple moving average of $18.62. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 20.51 and a beta of 1.25. Under Armour has a 1 year low of $9.16 and a 1 year high of $27.28. 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 declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 23rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is 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.

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

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