Under Armour Inc (UA) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.02. The company posted revenue of $1047.00 million in the period, compared to analysts expectations of $1037.06 million. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Under Armour Inc. Shares were Reiterated by Deutsche Bank on Apr 18, 2016 to “Buy” and Lowered the Price Target to $ 47.50 from a previous price target of $95 .Company shares were Reiterated by FBR Capital on Apr 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 118 from a previous price target of $115 .Shares were Reiterated by Piper Jaffray on Jan 26, 2016 to “Neutral” and Lowered the Price Target to $ 64 from a previous price target of $88 .
Under Armour Inc opened for trading at $42.96 and hit $43.74 on the upside on Monday, eventually ending the session at $43.71, with a gain of 1.46% or 0.63 points. The heightened volatility saw the trading volume jump to 41,23,595 shares. Company has a market cap of $9,446 M.
In a different news, on Nov 24, 2015, Karl-heinz Maurath (Chief Revenue Officer) sold 53,420 shares at $92.29 per share price. According to the SEC, on Nov 23, 2015, Kevin A Plank (Chairman and CEO) sold 450,000 shares at $92.29 per share price. On Nov 23, 2015, Kerry D Chandler (Chief Human Resources Officer) sold 3,588 shares at $91.53 per share price, according to the Form-4 filing with the securities and exchange commission.
Under Armour Inc. is engaged in the development marketing and distribution of branded performance apparel footwear and accessories for men women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America consisting of the United States and Canada; Europe the Middle East and Africa (EMEA); Asia-Pacific; Latin America and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines including HEATGEAR COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football baseball lacrosse softball and soccer cleats slides and performance training running basketball and outdoor footwear. Its accessories primarily include the sale of headwear bags and gloves.