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

Under Armour (UA) posted its quarterly earnings results on Friday. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.04. Under Armour’s revenue was up 22.9% compared to the same quarter last year.

Several analysts have also recently commented on the stock. Analysts at Benchmark Co. initiated coverage on shares of Under Armour in a research note to investors on Wednesday. They set a “buy” rating and a $104.00 price target on the stock. On the ratings front, 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. 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) traded up 1.36% on Wednesday, hitting $93.94. Under Armour (UA) has a 1-year low of $52.62 and a 1-year high of $102.86. The company has a market cap of $4.878 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.

Stay ahead of the market with Analyst Ratings Network's daily email update that provides a summary of analysts' upgrades, downgrades and new coverage. Click here to register now.

Posted by Web Inquirer Staff on 9 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.