Q3 2024 EPS Estimates for Under Armour, Inc. (NYSE:UAA) Raised by Analyst

Under Armour, Inc. (NYSE:UAAFree Report) – Equities researchers at Wedbush raised their Q3 2024 EPS estimates for shares of Under Armour in a research report issued to clients and investors 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.

UAA has been the subject of a number of other research reports. Truist Financial started coverage on shares of Under Armour in a research report on Friday, November 17th. They set a “hold” rating and a $8.00 target price for the company. Evercore ISI assumed coverage on shares of Under Armour in a report on Tuesday, November 7th. They issued an “inline” rating and a $8.00 price target for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Under Armour in a research note on Monday, February 5th. Piper Sandler cut their price objective on shares of Under Armour from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, November 9th. Finally, TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.92.

Read Our Latest Stock Report on UAA

Under Armour Trading Up 3.1 %

NYSE:UAA opened at $8.34 on Monday. Under Armour has a 52 week low of $6.29 and a 52 week high of $10.87. The firm has a 50 day moving average of $8.22 and a 200 day moving average of $7.66. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.56 and a beta of 1.64.

Under Armour (NYSE:UAAGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS 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 analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently modified their holdings of UAA. Keener Financial Planning LLC purchased a new position in shares of Under Armour in the fourth quarter worth about $26,000. West Tower Group LLC purchased a new position in Under Armour during the second quarter worth about $28,000. Signaturefd LLC raised its stake in Under Armour by 119.2% during the third quarter. Signaturefd LLC now owns 4,090 shares of the company’s stock worth $28,000 after purchasing an additional 2,224 shares during the period. Jefferies Financial Group Inc. purchased a new position in Under Armour during the fourth quarter worth about $30,000. Finally, Quarry LP purchased a new position in Under Armour during the first quarter worth about $32,000. 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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