Under Armour shares surge 13% after revenue beat

Under Armour

Adjusting for a one-time charge from the new U.S. tax reforms, the company had breakeven earnings per share - in line with what Wall Street analysts had expected.

Entering into profitability analysis, the co has noticeable returns on equity ratio of 7.00%, which discloses how corporation's management efficiently generates profit from shareholders invested money. The Stock has its 52-week High of $23.46 and 52-Week Low of $11.40 and it touched its 52-week high on 06/13/17 and 52-Week Low on 11/06/17. A total of 2.83 million shares exchanged at hands and its average trading volume is standing at 3.99 million shares.

Still, direct-to-consumer sales rose 11 percent in the fourth quarter, while global revenue, especially in the Asia-Pacific region, saw strong growth, raising overall sales 5 percent to $1.37 billion. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. SunTrust Banks lowered shares of Under Armour from a "buy" rating to a "hold" rating and set a $14.00 price target on the stock.in a research report on Wednesday, November 1st.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, February 13th. Shares of Under Armour were given a boost from a revenue beat for the fourth quarter, but more than one Wall Street analyst thinks the companies brand weakness it has in North America will hurt its overall performance moving ahead. Finally, Susquehanna Bancshares reissued a "sell" rating and issued a $15.00 price target on shares of Under Armour in a research report on Monday, October 23rd.

However, one analyst on Wall Street said 2018 would be a rough year saying that Under Amour does not any longer appear to be growing and can not understand why shares have been trading at such high values. Full year revenue in EMEA was up 42%, up 61% in Asia-Pacific, and up 28% in Latin America.

Under Armour
Under Armour shares surge 13% after revenue beat

Full year North America revenue was down 5 percent but worldwide revenues rose 46 percent or 47 percent currency neutral, representing 22 percent of total revenue. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Under Armour during the 4th quarter worth approximately $127,000. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company's stock valued at $12,058,000 after purchasing an additional 3,538 shares during the period.

Needle moving action has been spotted in Icici Bank Ltd (IBN) as shares are moving today on volatility -0.98% or $-0.10 from the open. Hedge funds and other institutional investors own 31.15% of the company's stock.

Under Armour's (uaa) shares are up 16% on Tuesday on the strength of better-than-expected fourth-quarter results, but it's premature to pop the champagne. Year-to-date, UAA has declined -1.39%, versus a -0.57% rise in the benchmark S&P 500 index during the same period. The stock price moved -15.55% off its 50 Day low and changed 13.84% to its 50 Day high.

WARNING: "Investors Purchase High Volume of Under Armour Call Options (UA)" was originally published by StockNewsTimes and is the property of of StockNewsTimes. Footwear revenue increased 9 percent and accessories revenue increased by 6 percent.

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