Zacks: Brokerages Expect Under Armour Inc (NYSE:UAA) Will Announce Earnings of -$0.06 Per Share

Wall Street brokerages forecast that Under Armour Inc (NYSE:UAA) will announce earnings of ($0.06) per share for the current quarter, Zacks reports. Thirteen analysts have provided estimates for Under Armour’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.04). Under Armour posted earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, July 30th.

According to Zacks, analysts expect that Under Armour will report full-year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.43. For the next year, analysts forecast that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.35 to $0.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Under Armour.

Under Armour (NYSE:UAA) last posted 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Under Armour’s revenue was up 1.6% on a year-over-year basis.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Medidata Solutions in a report on Thursday, June 13th. Citigroup assumed coverage on shares of Dicks Sporting Goods in a report on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price target on the stock. Credit Suisse Group raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Tuesday, April 30th. Finally, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.53.

UAA traded up $0.02 during trading on Thursday, hitting $26.95. The company had a trading volume of 247,780 shares, compared to its average volume of 3,758,209. The company has a market cap of $12.11 billion, a P/E ratio of 99.70, a PEG ratio of 2.90 and a beta of 0.47. The stock has a 50-day moving average of $25.81. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Under Armour has a 1-year low of $16.52 and a 1-year high of $27.69.

A number of hedge funds have recently added to or reduced their stakes in UAA. Quadrant Capital Group LLC bought a new stake in Under Armour during the first quarter valued at $25,000. Rehmann Capital Advisory Group bought a new position in shares of Under Armour during the first quarter worth about $28,000. Bremer Bank National Association bought a new position in shares of Under Armour during the first quarter worth about $42,000. Whittier Trust Co. grew its position in shares of Under Armour by 687.2% during the first quarter. Whittier Trust Co. now owns 3,700 shares of the company’s stock worth $78,000 after acquiring an additional 3,230 shares during the last quarter. Finally, NEXT Financial Group Inc grew its position in shares of Under Armour by 100.6% during the second quarter. NEXT Financial Group Inc now owns 3,894 shares of the company’s stock worth $99,000 after acquiring an additional 1,953 shares during the last quarter. Hedge funds and other institutional investors own 37.95% of the company’s stock.

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

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