Zacks: Analysts Anticipate Under Armour Inc (NYSE:UAA) Will Announce Quarterly Sales of $1.42 Billion

Equities analysts predict that Under Armour Inc (NYSE:UAA) will announce sales of $1.42 billion for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Under Armour’s earnings. The highest sales estimate is $1.52 billion and the lowest is $1.40 billion. Under Armour reported sales of $1.44 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that Under Armour will report full-year sales of $5.36 billion for the current year, with estimates ranging from $5.29 billion to $5.41 billion. For the next year, analysts expect that the business will report sales of $5.66 billion, with estimates ranging from $5.44 billion to $5.83 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Under Armour.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year.

A number of brokerages have issued reports on UAA. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price target (up previously from $22.00) on shares of Under Armour in a research report on Thursday, July 25th. Wells Fargo & Co boosted their price target on Under Armour from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $29.00 in a research report on Friday, May 17th. ValuEngine lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $26.00 price target on shares of Under Armour in a research report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.47.

NYSE:UAA traded up $0.14 during midday trading on Monday, reaching $18.65. 3,317,900 shares of the company traded hands, compared to its average volume of 6,226,360. Under Armour has a twelve month low of $16.52 and a twelve month high of $27.72. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 69.07, a price-to-earnings-growth ratio of 2.08 and a beta of 0.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. The company has a fifty day moving average price of $24.50 and a 200 day moving average price of $23.11.

A number of hedge funds have recently made changes to their positions in UAA. Vanguard Group Inc. lifted its holdings in shares of Under Armour by 9.4% in the second quarter. Vanguard Group Inc. now owns 20,861,766 shares of the company’s stock valued at $528,846,000 after buying an additional 1,789,685 shares during the period. BlackRock Inc. lifted its holdings in shares of Under Armour by 4.3% in the second quarter. BlackRock Inc. now owns 12,569,497 shares of the company’s stock valued at $318,635,000 after buying an additional 515,462 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Under Armour in the second quarter valued at $110,113,000. Artisan Partners Limited Partnership lifted its holdings in shares of Under Armour by 25.0% in the first quarter. Artisan Partners Limited Partnership now owns 3,241,969 shares of the company’s stock valued at $68,535,000 after buying an additional 649,166 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of Under Armour by 50.8% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,988,920 shares of the company’s stock valued at $63,185,000 after buying an additional 1,007,159 shares during the period. Institutional investors own 37.29% 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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