Under Armour (NYSE:UAA) Updates FY19 Earnings Guidance

Under Armour (NYSE:UAA) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.33-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35.

Several research firms recently weighed in on UAA. Telsey Advisory Group restated a market perform rating and issued a $25.00 price objective (up from $22.00) on shares of Under Armour in a report on Thursday, July 25th. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $25.00 price objective for the company in a report on Wednesday, May 8th. Pivotal Research restated a hold rating and issued a $25.00 price objective (up from $23.00) on shares of Under Armour in a report on Wednesday, July 24th. ValuEngine downgraded Under Armour from a buy rating to a hold rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Under Armour from a neutral rating to an overweight rating and lifted their price objective for the company from $23.00 to $29.00 in a report on Friday, May 17th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $24.47.

Under Armour stock traded down $0.01 during trading hours on Friday, reaching $21.57. The stock had a trading volume of 7,780,300 shares, compared to its average volume of 4,891,132. The company has a market capitalization of $9.69 billion, a P/E ratio of 79.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47. The company has a current ratio of 1.83, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $26.20. Under Armour has a 52 week low of $16.52 and a 52 week high of $27.72.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. Under Armour had a return on equity of 7.86% and a net margin of 1.62%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that Under Armour will post 0.34 earnings per share for the current fiscal year.

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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