Under Armour (NYSE:UAA) Releases FY25 Earnings Guidance

Under Armour (NYSE:UAA) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.19-0.22 for the period, compared to the consensus estimate of $0.22.

Under Armour Trading Down 8.7 %

Shares of UAA opened at $6.81 on Wednesday. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $9.50. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.57 and a beta of 1.65. The firm has a 50 day moving average price of $7.30 and a 200-day moving average price of $7.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. As a group, equities research analysts forecast that Under Armour will post 0.22 earnings per share for the current year.

Under Armour declared that its Board of Directors has initiated a share buyback plan on Thursday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

UAA has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded shares of Under Armour from a neutral rating to an underweight rating and decreased their price target for the stock from $8.00 to $6.00 in a research note on Thursday, May 16th. Telsey Advisory Group reissued a market perform rating and set a $7.00 price objective on shares of Under Armour in a research note on Monday, August 5th. Oppenheimer downgraded shares of Under Armour from an outperform rating to a market perform rating in a research note on Thursday, May 23rd. Wells Fargo & Company dropped their price target on shares of Under Armour from $7.00 to $6.00 and set an equal weight rating on the stock in a research note on Friday, May 17th. Finally, Truist Financial upped their price objective on Under Armour from $7.00 to $8.00 and gave the company a hold rating in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $7.50.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.