Under Armour (UA) Announces Quarterly Earnings, Beats Expectations By $0.04 EPS

Under Armour (UA) issued its quarterly earnings data on Friday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company’s revenue for the quarter was up 22.9% on a year-over-year basis.

UA has been the subject of a number of recent research reports. Analysts at Benchmark Co. initiated coverage on shares of Under Armour in a research note to investors on Wednesday, May 9th. They set a “buy” rating and a $104.00 price target on the stock. On a related note, analysts at UBS AG (NYSE: UBS) upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 9th. They now have a $105.00 price target on the stock, up previously from $100.00. They noted that the move was a valuation call. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Under Armour from $98.00 to $100.00 in a research note to investors on Thursday, April 26th. They now have a “neutral” rating on the stock.

Under Armour (UA) opened at 94.60 on Wednesday. Under Armour (UA) has a 52-week low of $52.62 and a 52-week high of $102.86. The company has a market cap of $4.932 billion and a price-to-earnings ratio of 49.87.

Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.

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Posted by Web Inquirer Staff on 16 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.