Under Armour (UA) Posts Quarterly Earnings, Beats Estimates By $0.04 EPS

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

Several analysts have also recently commented on the stock. Analysts at Bank of America raised their price target on shares of Under Armour to $120.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Canaccord Genuity reiterated a “positive” rating on shares of Under Armour in a research note to investors on Monday, June 4th. Finally, analysts at Buckingham Research upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, May 29th.

Under Armour (UA) traded up 3.01% on Tuesday, hitting $105.83. Under Armour (UA) has a 1-year low of $52.62 and a 1-year high of $107.15. The company has a market cap of $5.517 billion and a price-to-earnings ratio of 54.16.

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 13 Jun 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.