Under Armour, Inc. (NYSE:UAA) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $0.37-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of +9-11% to ~$5.26-5.36 billion, compared to the consensus revenue estimate of $5.35 billion.
Several equities analysts have issued reports on the stock. B. Riley reissued a neutral rating and issued a $18.00 price objective on shares of Under Armour in a research note on Tuesday, April 25th. Piper Jaffray Companies reissued a neutral rating and issued a $17.00 price objective on shares of Under Armour in a research note on Tuesday, April 11th. UBS AG boosted their price objective on shares of Under Armour from $22.00 to $23.00 and gave the company a neutral rating in a research note on Friday, April 28th. Vetr cut shares of Under Armour from a strong-buy rating to a hold rating and set a $21.02 price objective on the stock. in a research note on Monday, July 17th. Finally, Jefferies Group LLC reissued a buy rating and issued a $28.00 price objective on shares of Under Armour in a research note on Wednesday, June 21st. Ten equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $24.88.
Under Armour, Inc. (NYSE:UAA) traded down 8.367% during mid-day trading on Tuesday, reaching $18.345. 12,509,310 shares of the company were exchanged. The stock’s 50-day moving average is $20.90 and its 200-day moving average is $21.11. The company has a market cap of $8.08 billion, a P/E ratio of 46.326 and a beta of -0.05. Under Armour, Inc. has a 12 month low of $18.26 and a 12 month high of $43.85.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a return on equity of 12.25% and a net margin of 4.84%. Under Armour’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Under Armour, Inc. will post $0.43 earnings per share for the current year.
In other news, insider Kerry D. Chandler sold 5,921 shares of Under Armour stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total transaction of $126,590.98. Following the completion of the sale, the insider now directly owns 12,803 shares in the company, valued at approximately $273,728.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total value of $102,362.67. Following the sale, the director now owns 116,297 shares of the company’s stock, valued at $2,480,615.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,519 shares of company stock valued at $331,652. 16.40% of the stock is owned by corporate insiders.
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Under Armour Company Profile
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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