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 Canaccord Genuity reiterated a “positive” rating on shares of Under Armour in a research note to investors on Monday, June 4th. On the ratings front, 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. Finally, 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.

Shares of Under Armour (UA) traded up 3.50% during mid-day trading on Friday, hitting $103.31. Under Armour (UA) has a 52 week low of $52.62 and a 52 week high of $103.32. The company has a market cap of $5.386 billion and a P/E ratio of 52.62.

Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.

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Posted by Web Inquirer Staff on 10 Jun 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.