Under Armour (NYSE:UAA) Posts Earnings Results, Beats Expectations By $0.04 EPS

Under Armour (NYSE:UAA - Get Free Report) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04, Briefing.com reports. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business's quarterly revenue was down 4.7% on a year-over-year basis.

Under Armour Stock Up 1.0 %

Shares of NYSE UAA traded up $0.07 during midday trading on Friday, hitting $6.78. 15,064,693 shares of the stock traded hands, compared to its average volume of 7,236,684. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 2.13. Under Armour has a one year low of $6.18 and a one year high of $9.50. The business has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $7.71. The company has a market cap of $2.95 billion, a PE ratio of 7.53, a P/E/G ratio of 1.16 and a beta of 1.63.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Williams Trading reissued a "hold" rating and set a $8.00 price objective on shares of Under Armour in a research report on Thursday, March 14th. JPMorgan Chase & Co. downgraded shares of Under Armour from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $8.00 to $6.00 in a research report on Thursday. TheStreet raised shares of Under Armour from a "d+" rating to a "c-" rating in a research report on Thursday, February 8th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $8.00 target price on shares of Under Armour in a research report on Thursday. Finally, BNP Paribas reaffirmed a "neutral" rating on shares of Under Armour in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.45.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.