Under Armour (NYSE:UA) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Under Armour (NYSE:UA) announced its earnings results on Thursday. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.25 EPS.

Under Armour Stock Performance

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

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares in the company, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 over the last quarter. 15.60% of the stock is owned by company insiders.

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.