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.

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Posted by Web Inquirer Staff on 30 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.