Brokerages Expect Under Armour (UAA) Will Post Quarterly Sales of $1.15 Billion

Equities research analysts expect Under Armour (NYSE:UAA) to announce sales of $1.15 billion for the current fiscal quarter, Zacks reports. Fourteen analysts have issued estimates for Under Armour’s earnings. The lowest sales estimate is $1.14 billion and the highest is $1.18 billion. Under Armour reported sales of $1.09 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The company is expected to announce its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that Under Armour will report full-year sales of $5.17 billion for the current fiscal year, with estimates ranging from $5.11 billion to $5.31 billion. For the next fiscal year, analysts expect that the business will report sales of $5.47 billion per share, with estimates ranging from $5.30 billion to $5.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Under Armour.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, May 1st. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.05. Under Armour had a negative net margin of 1.51% and a positive return on equity of 4.32%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned ($0.01) EPS. The company’s revenue was up 5.9% compared to the same quarter last year.



Several research analysts have issued reports on the stock. Vetr upgraded shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.74 price target for the company in a report on Thursday, February 22nd. Canaccord Genuity restated a “sell” rating and set a $9.00 price target on shares of Under Armour in a report on Friday, March 16th. Stifel Nicolaus raised their price target on shares of Under Armour from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Pivotal Research raised their price target on shares of Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Under Armour from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Fourteen analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.84.

Under Armour stock opened at $21.40 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.97 and a quick ratio of 1.10. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 112.63, a PEG ratio of 5.58 and a beta of -0.26.

In related news, Director Harvey Sanders sold 6,513 shares of Under Armour stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $18.36, for a total value of $119,578.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Mcdermott sold 6,508 shares of Under Armour stock in a transaction on Monday, May 7th. The shares were sold at an average price of $17.70, for a total transaction of $115,191.60. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. Delpha Capital Management LLC acquired a new stake in Under Armour in the 4th quarter valued at $110,000. Robeco Institutional Asset Management B.V. acquired a new stake in Under Armour in the 1st quarter valued at $112,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after purchasing an additional 6,200 shares during the period. Calton & Associates Inc. acquired a new stake in Under Armour in the 4th quarter valued at $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Under Armour in the 4th quarter valued at $138,000. 38.18% of the stock is owned by institutional investors and hedge funds.

About Under Armour

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, cold, and in between the extremes.

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

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