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.