FY2024 EPS Estimates for Under Armour, Inc. Raised by Analyst (NYSE:UAA)

Under Armour, Inc. (NYSE:UAAFree Report) – Telsey Advisory Group upped their FY2024 earnings per share estimates for shares of Under Armour in a research report issued to clients and investors on Thursday, February 8th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $0.53 for the year, up from their previous estimate of $0.51. Telsey Advisory Group currently has a “Market Perform” rating and a $9.00 target price on the stock. The consensus estimate for Under Armour’s current full-year earnings is $0.52 per share. Telsey Advisory Group also issued estimates for Under Armour’s Q4 2024 earnings at $0.08 EPS, Q1 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.12 EPS and FY2025 earnings at $0.60 EPS.

Several other analysts have also issued reports on UAA. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a report on Thursday. Truist Financial began coverage on Under Armour in a research report on Friday, November 17th. They set a “hold” rating and a $8.00 price target on the stock. Evercore ISI began coverage on Under Armour in a report on Tuesday, November 7th. They issued an “inline” rating and a $8.00 target price on the stock. Finally, Piper Sandler reduced their target price on Under Armour from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, November 9th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Under Armour presently has an average rating of “Hold” and an average price target of $9.92.

Read Our Latest Research Report on UAA

Under Armour Stock Performance

Shares of Under Armour stock opened at $8.34 on Monday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.64. The stock’s 50-day moving average is $8.22 and its 200-day moving average is $7.66. Under Armour has a one year low of $6.29 and a one year high of $10.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.38.

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

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keener Financial Planning LLC acquired a new stake in Under Armour during the fourth quarter worth about $26,000. West Tower Group LLC purchased a new position in Under Armour in the second quarter worth approximately $28,000. Signaturefd LLC lifted its position in shares of Under Armour by 119.2% during the 3rd quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after buying an additional 2,224 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $30,000. Finally, Quarry LP purchased a new stake in shares of Under Armour during the 1st quarter worth approximately $32,000. 38.45% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

(Get Free Report)

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.

See Also

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

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