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.

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Posted by Web Inquirer Staff on 20 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.