Under Armour (UA) Releases Quarterly Earnings Results
Under Armour (UA) announced its 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.
A number of analysts have recently weighed in on UA shares. 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) traded down 0.80% on Monday, hitting $94.06. 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 $4.904 billion and a price-to-earnings ratio of 49.98.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.