Under Armour (UA) Releases Quarterly Earnings Results
Under Armour (UA) released its 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 Sterne Agee reiterated a “buy” rating on shares of Under Armour in a research note to investors on Friday. They now have a $115.00 price target on the stock. On a related note, analysts at UBS AG downgraded shares of Under Armour from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, June 21st. They now have a $105.00 price target on the stock. They noted that the move was a valuation call. Finally, 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 12th. They now have a “buy” rating on the stock.
Under Armour (UA) traded up 4.39% on Friday, hitting $94.48. 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 $4.925 billion and a price-to-earnings ratio of 47.71.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.