Under Armour (UA) Releases Quarterly Earnings Results
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 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. On the ratings front, 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. Finally, 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.
Shares of Under Armour (UA) traded down 4.94% during mid-day trading on Friday, hitting $95.75. 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 $4.992 billion and a P/E ratio of 53.10.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.