Under Armour (NYSE:UA) Releases Earnings Results, Beats Expectations By $0.05 EPS

Under Armour (NYSE:UA) posted its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05, Zacks reports. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same quarter in the prior year, the business earned $0.25 earnings per share.

Under Armour Trading Down 4.5 %

Shares of UA traded down $0.34 on Thursday, reaching $7.05. 7,421,523 shares of the company’s stock were exchanged, compared to its average volume of 3,457,565. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.05 billion, a P/E ratio of -176.13 and a beta of 1.67. The business has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $7.82. Under Armour has a 12 month low of $6.02 and a 12 month high of $10.62.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,879 shares of company stock valued at $508,642 over the last ninety days. Insiders own 15.60% of the company’s stock.

Under Armour Company Profile

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.