William Blair Comments on Under Armour, Inc.’s Q2 2024 Earnings (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) – William Blair cut their Q2 2024 earnings per share estimates for shares of Under Armour in a report issued on Tuesday, October 31st. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for Under Armour’s current full-year earnings is $0.49 per share. William Blair also issued estimates for Under Armour’s FY2025 earnings at $0.63 EPS.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Under Armour had a net margin of 6.60% and a return on equity of 13.59%. Under Armour’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS.

Other analysts also recently issued research reports about the stock. StockNews.com started coverage on shares of Under Armour in a report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet cut Under Armour from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Finally, Telsey Advisory Group reduced their price objective on Under Armour from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.71.

Under Armour Stock Performance

Shares of UAA stock opened at $7.01 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.29 and a 12-month high of $13.05. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The stock has a 50 day simple moving average of $7.06 and a 200-day simple moving average of $7.54.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. West Tower Group LLC acquired a new position in Under Armour during the second quarter worth approximately $28,000. Jefferies Financial Group Inc. purchased a new position in shares of Under Armour in the 4th quarter worth $30,000. Quarry LP acquired a new position in Under Armour in the first quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in Under Armour during the first quarter valued at about $50,000. Finally, Captrust Financial Advisors increased its stake in Under Armour by 34.9% during the second quarter. Captrust Financial Advisors now owns 6,973 shares of the company’s stock worth $58,000 after acquiring an additional 1,805 shares during the last quarter. Hedge funds and other institutional investors own 38.45% of the company’s stock.

Under Armour Company Profile

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