Under Armour beats expectations with 33.9% revenue lift

Friday, 27 January 2012
Under Armour (UA) posted its quarterly earnings results on Thursday, reporting $0.62 earnings per share (EPS) for the quarter. Consensus estimates were of $0.60. The company’s revenue for the quarter lifted by 33.9% compared to last year.

Under Armour´s quarterly revenue climbed up to $403.1 million, higher than the 23 analysts polled by S&P Capital IQ´s forecast of $402.8 million. In a week plenty of corporate news, Under Armour has not let down anyone, as its sales were 34% higher than the prior-year quarter's USD301.2 million, company released on Thursday.

It is worthy highlighting that analysts at Telsey Advisory Group initiated coverage on shares of Under Armour in a research note to investors on Monday. They set a $91.00 price target on the stock, while their peers at Goldman Sachs reiterated a “buy” rating on shares of Under Armour in a research note to investors also issued on Monday. Finally, analysts at Auriga cut their price target on shares of Under Armour to $70.00 and now have a “hold” rating on the stock.

Under Armour, that opened at 77.49 on Thursday, has a 52-week low of $52.62 and a 52-week high of $87.40. The company has a market cap of $4.007 billion and a price-to-earnings ratio of 46.29.

Elsewhere, in Japan, Fast Retailing Co. increased 50 yen to 14,970 yen, while stocks in Tokyo trading traded lower as commodities prices gained and a weaker than expected earnings from Fanuc dragged industrial stocks lower, Ticker reported.

Finally, True Religion Apparel, Inc. – which started trading Thursday up by over 60% - announced that the company will release its financial results for the fourth quarter and year ended December 31, 2011, after the market close on Thursday, February 9, 2012.

Related News

This site uses cookies to deliver its services, to personalise ads and to analyse traffic. Learn more.
If you continue browsing the site, you agree to the use of cookies.