Under Armour Inc (NYSE:UAA) experienced a decline in its stock value, closing at $7.41 per share, marking a loss of -$0.51 or -6.44% during the last trading session. The company, currently valued at $3.25B, has seen 13.57 million shares traded. Despite this drop, the stock is still 15.11% higher than its 52-week low of $6.29 but is -76.11% below its 52-week high of $13.05.
Over the past five days, Under Armour Inc has consistently traded in the red. However, in the last session, the stock saw a slight increase of 12.41%, reaching $7.41 per share. Year-to-date, the company’s shares have shown a negative growth rate of -15.70%, while its 5-day performance has led to a change of -9.63%. Over the past 30 days, the shares of Under Armour Inc have changed -14.04%.
Despite these fluctuations, analysts have a positive revenue estimate for the company. For the current quarter, 22 analysts predict an average revenue of $1.5 billion, and for the following quarter, they estimate $1.35 billion in revenue. The expected earnings growth for 2024 is -15.04%, but over the next 5 years, the company’s earnings are projected to increase by 8.55%.
Looking at the broader industry performance, Under Armour Inc shares have underperformed. Over the past 6 months, the company’s shares have decreased by -4.14%, while the industry as a whole has seen a growth rate of -6.30%. Additionally, the company has lowered its growth outlook for the 2024 fiscal year revenue. The growth estimates for the current quarter and the next quarter are -31.20% and -33.30%, respectively. Revenue growth from the last financial year is estimated to be -2.70%.
Despite these challenges, investors remain excited about the potential of better dividends from Under Armour Inc. The company’s next earnings report is scheduled to be released between February 06 and February 12 this year. Shareholders are hopeful that the company will continue to navigate the debt issue and deliver positive results.
In terms of ownership, insiders hold 0.27% of the company shares, while institutions account for 78.35%. Among the institutional holders, Vanguard Group Inc leads with over 18.2 million shares worth more than $134.84 million, holding 9.64% of shares outstanding. Blackrock Inc holds over 16.95 million shares worth over $125.6 million, representing 8.98% of shares outstanding.
Overall, while Under Armour Inc faces challenges in the market, analysts remain optimistic about the company’s revenue potential. Investors are eagerly awaiting the next earnings report, hoping for positive outcomes despite the company’s debt issue. With solid institutional support and positive growth predictions in the long term, Under Armour Inc aims to regain its footing in the industry.
