Under Armour (UA) Releases Quarterly Earnings Results
Under Armour (UA) issued its quarterly earnings data 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.
UA has been the subject of a number of recent research reports. Analysts at Bank of America raised their price target on shares of Under Armour to $120.00 in a research note to investors on Tuesday, June 12nd. They now have a “buy” rating on the stock. On the ratings front, analysts at Canaccord Genuity reiterated a “positive” rating on shares of Under Armour in a research note to investors on Monday, June 4th. Finally, 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.
Under Armour (UA) traded down 1.27% on Wednesday, hitting $105.09. Under Armour (UA) has a 1-year low of $52.62 and a 1-year high of $107.86. The company has a market cap of $5.479 billion and a price-to-earnings ratio of 56.11.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.