Economy

Under Armour, Inc. (NASDAQ:UAA) Reports 1Q18 Swing To Profit

Under Armour, Inc. (NASDAQ:UAA) Reports 1Q18 Swing To Profit

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.

The company's Class C shares dipped as much as 6 percent on Tuesday after Under Armour forecast a loss of between 9 and 10 cents per share for the quarter ending June, bigger than the 6-cent loss expected by analysts. Jefferies Group also issued estimates for Under Armour's Q4 2018 earnings at $0.05 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.11 EPS and FY2019 earnings at $0.57 EPS. UAA touched $17.77 during the last trading session after $0.06 change.Under Armour, Inc.is downtrending after having declined 17.22% since April 30, 2017.

The athletic-apparel maker posted a breakeven quarter, topping the $0.06 loss that Wall Street analysts surveyed by Bloomberg were expecting.

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Other former Gunners present include Freddie Ljungberg , Emmanuel Petit , Martin Keown , Robert Pires and Sol Campbell . And I'm quite happy for that. "With the right conditions this will challenge next season".

UAA has been the subject of a number of recent research reports. On Wednesday, November 1 the rating was downgraded by SunTrust to "Hold". Telsey Advisory Group maintained Under Armour, Inc. Vetr raised Under Armour from a "buy" rating to a "strong-buy" rating and set a $18.74 target price on the stock in a report on Thursday, February 22nd. The stock now has an average rating of "Hold" and a consensus target price of $14.92. UAA underperformed by 28.77% the S&P500. This organization, right now, has a market cap of $6.88B, a beta score of -0.25. and its current ratio is 2.20. The number of shares now owned by investors are 413.81 mln. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Under Armour in the fourth quarter valued at about $138,000. The company's latest earnings report may have seemed bad compared to its major growth days, and a charge against operations for a restructuring seems quite premature for this former high-flyer. 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%. Caisse DE Depot ET Placement DU Quebec lifted its position in Under Armour by 15.6% during the 4th quarter. The stock now has Monthly Volatility of 3.64% and Weekly Volatility of 4.67%. Vantage Investment Advisors LLC boosted its stake in Under Armour by 240.0% during the 4th quarter. The consensus rating is 3.2, suggesting the market has given up on the stock. BlackRock Inc. increased its stake in shares of Under Armour by 1.3% in the 4th quarter.

Shares of Under Armour (NYSE: UAA) were down about 2 percent in pre-market trading Tuesday to $17.76.

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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

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He said that the fleet would "exercise operational and administrative authority over assigned ships, aircraft and landing forces". Fleet Forces, and will initially include 11 officers and 4 enlisted personnel.

The Baltimore-based company has signed endorsement deals with celebrities such as Dwayne "The Rock" Johnson and has aggressively promoted its new Bluetooth-connected HOVR running shoes.

Within the global business, revenue in Europe, Middle East and Africa was 23% higher, while it rose 35% in Asia-Pacific and 21% in Latin America. The firm offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.now it has negative earnings.

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Blue Jays Continue a stretch of eight games in seven days with a three-game series in Tampa. For the first game of Thursday's doubleheader, he was slotted to bat second and play third.


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