Under Armour, Inc. to Post Q3 2024 Earnings of $0.13 Per Share, Telsey Advisory Group Forecasts (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) – Stock analysts at Telsey Advisory Group cut their Q3 2024 earnings per share (EPS) estimates for Under Armour in a research report issued to clients and investors on Thursday, November 9th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.18. Telsey Advisory Group currently has a “Market Perform” rating and a $9.00 target price on the stock. The consensus estimate for Under Armour’s current full-year earnings is $0.49 per share. Telsey Advisory Group also issued estimates for Under Armour’s Q4 2024 earnings at $0.13 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.62 EPS.

Under Armour (NYSE:UAA) last posted its earnings results on Wednesday, November 8th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Under Armour had a return on equity of 14.01% and a net margin of 7.00%. Under Armour’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share.

Several other analysts have also commented on the company. Evercore ISI initiated coverage on Under Armour in a report on Tuesday, November 7th. They set an “inline” rating and a $8.00 target price on the stock. TheStreet lowered Under Armour from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. StockNews.com started coverage on Under Armour in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Piper Sandler dropped their price objective on Under Armour from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.36.

Under Armour Stock Up 2.8 %

Under Armour stock opened at $7.38 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.69. Under Armour has a 52 week low of $6.29 and a 52 week high of $13.05. The business’s 50-day moving average price is $7.02 and its 200 day moving average price is $7.46. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Under Armour by 0.8% in the third quarter. Rhumbline Advisers now owns 555,976 shares of the company’s stock valued at $3,808,000 after acquiring an additional 4,591 shares in the last quarter. Econ Financial Services Corp lifted its position in shares of Under Armour by 117.9% in the third quarter. Econ Financial Services Corp now owns 80,042 shares of the company’s stock valued at $548,000 after acquiring an additional 43,312 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Under Armour by 34.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 44,885 shares of the company’s stock valued at $307,000 after acquiring an additional 11,591 shares in the last quarter. Matthew 25 Management Corp lifted its position in shares of Under Armour by 50.0% in the third quarter. Matthew 25 Management Corp now owns 210,000 shares of the company’s stock valued at $1,438,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Pathstone Family Office LLC purchased a new position in shares of Under Armour in the third quarter valued at approximately $131,000. 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.