Global sales lift Under Armour

07 May, 2018, 08:10 | Author: Sheri Evans
  • Under Armor Earnings Another Company’s Quarter Might Mean Good News

But "the quality of the results is low and brand issues will not go away quickly", wrote Wedbush analyst Christopher Svezia early Tuesday. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.05. The same period of past year reportedly had a net loss of $0.01 per share on $1.12 billion in revenue.

Selling, general and administrative expenses increased 3% to $515m, or 43.4% of revenue driven by continued investments in the direct-to-consumer, footwear and global businesses.

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Excluding one-time items, Under Armour broke even on a per-share basis, while analysts had expected a loss of 5 cents per share, according to Thomson Reuters I/B/E/S. This year's EPS analyst estimate is awaited to be $-0.05. Zacks Investment Research's EPS calculations are an average based on a survey of research analysts that cover Under Armour.

UAA has been the subject of several analyst reports. Stifel posted a $18 price target for Under Armour, Inc. stock and rated the stock as a Buy in a research note dated Wednesday, February 14th, 2018. The company presently has an average rating of "Hold" and an average price target of $15.06. Credit Suisse Group initiated coverage on Under Armour in a report on Monday, March 12th. On Tuesday, November 7 the stock has "Neutral" rating by Susquehanna.

Death toll from Pakistan mining explosions climbs to 23
A rescue operation to recover the workers concluded today, with all seven workers in the Sur-range mine confirmed dead. Dozens of miners get killed each year in the country due to lack of modern mining facilities, training and equipment.

Under Armour is facing brutal competition from Nike Inc and Germany's Adidas AG and Puma in the United States, where the bankruptcies of USA sporting goods retailers have also weighed on sales. The total amount of shares outstanding is 381.59M, giving the company a market capitalization of about 6.80B. (NYSE:UAA) is a huge mover today! Under Armour Inc has a 12 month low of $11.40 and a 12 month high of $23.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.11. Insiders own 16.40% of the company's stock.

On 8/25/2016 Matthew C Mirchin, Insider, sold 16,015 with an average share price of $42.92 per share and the total transaction amounting to $687,363.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Geode Capital Management LLC increased its stake in shares of Under Armour by 3.1% in the 4th quarter. Almanack Investment Partners LLC. lifted its position in Under Armour by 38.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company's stock valued at $126,000 after acquiring an additional 6,200 shares in the last quarter. In looking the SMA 200 we see that the stock has seen a 12.10%.The Company's net profit margin for the 12 months at -1.00%.

3 terrorist killed in Srinagar operation, confirms IG CRPF
Similarly, on Friday also terrorists shot dead a civilian and injured his wife in north Kashmir's Sopore town. Meanwhile, gunmen abducted two men from their homes in northern Hajin town late Friday.

Under Armour (UAA) may have bested the Street's consensus in the first quarter of the year, but it gave surprisingly bad current-quarter targets, and some experts are raising flags about what they call the sportswear brand's "out of control" inventory situation.

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