Under Armour (UA) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Under Armour (UA) announced its 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.
A number of analysts have recently weighed in on UA shares. 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. On the ratings front, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Under Armour from $106.00 to $116.00 in a research note to investors on Monday, April 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Under Armour in a research note to investors on Monday, April 23rd.
Under Armour (UA) opened at 92.68 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 $4.812 billion and a price-to-earnings ratio of 48.83.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.