Under Armour, Inc. (NYSE:UAA) to Post Q3 2024 Earnings of $0.19 Per Share, Wedbush Forecasts

Under Armour, Inc. (NYSE:UAAFree Report) – Research analysts at Wedbush raised their Q3 2024 earnings per share estimates for Under Armour in a research report issued on Thursday, February 8th. Wedbush analyst T. Nikic now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for Under Armour’s current full-year earnings is $0.52 per share. Wedbush also issued estimates for Under Armour’s FY2024 earnings at $0.51 EPS.

Several other equities analysts have also recently weighed in on UAA. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a research report on Monday, February 5th. Evercore ISI initiated coverage on shares of Under Armour in a report on Tuesday, November 7th. They set an “inline” rating and a $8.00 price target on the stock. Piper Sandler cut their target price on Under Armour from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday. Finally, Truist Financial began coverage on Under Armour in a research note on Friday, November 17th. They issued a “hold” rating and a $8.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.92.

Check Out Our Latest Research Report on UAA

Under Armour Trading Up 3.1 %

UAA opened at $8.34 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $8.22 and a two-hundred day moving average price of $7.66. The company has a market cap of $3.65 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.64. Under Armour has a 1-year low of $6.29 and a 1-year high of $10.87.

Under Armour (NYSE:UAAGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in shares of Under Armour by 527.6% in the third quarter. National Bank of Canada FI now owns 137,731 shares of the company’s stock worth $922,000 after purchasing an additional 115,784 shares during the last quarter. Wexford Capital LP bought a new position in shares of Under Armour in the 2nd quarter worth approximately $281,000. Assenagon Asset Management S.A. grew its stake in Under Armour by 16.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,219,796 shares of the company’s stock worth $8,356,000 after purchasing an additional 174,159 shares during the period. Privium Fund Management B.V. boosted its holdings in shares of Under Armour by 25.4% during the 3rd quarter. Privium Fund Management B.V. now owns 22,200 shares of the company’s stock valued at $152,000 after buying an additional 4,500 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Under Armour by 132.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,584 shares of the company’s stock worth $214,000 after acquiring an additional 16,880 shares in the last quarter. 38.45% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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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.

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

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