Zacks: Brokerages Anticipate American Eagle Outfitters, Inc. (NYSE:AEO) to Post $0.26 Earnings Per Share

Equities analysts expect that American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for American Eagle Outfitters’ earnings, with estimates ranging from $0.21 to $0.31. American Eagle Outfitters reported earnings of $0.48 per share during the same quarter last year, which indicates a negative year over year growth rate of 45.8%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that American Eagle Outfitters will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.80 to $2.25. For the next year, analysts expect that the company will report earnings of $2.59 per share, with EPS estimates ranging from $1.80 to $3.05. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEOGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The apparel retailer reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. American Eagle Outfitters had a net margin of 8.37% and a return on equity of 34.33%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 16.7% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, March 31st. They set a “hold” rating for the company. Bank of America decreased their target price on shares of American Eagle Outfitters from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 3rd. Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $29.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, March 7th. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $23.00 target price for the company. in a research note on Friday, February 18th. Finally, Cowen raised their price objective on shares of American Eagle Outfitters from $31.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, January 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.50.

In related news, EVP Andrew J. Mclean sold 24,958 shares of American Eagle Outfitters stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $18.00, for a total transaction of $449,244.00. Following the sale, the executive vice president now owns 53,343 shares of the company’s stock, valued at approximately $960,174. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Davis purchased 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were purchased at an average cost of $18.12 per share, for a total transaction of $99,660.00. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEO. Marshall Wace LLP bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth about $198,000. FMR LLC lifted its stake in shares of American Eagle Outfitters by 80.5% in the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock worth $47,726,000 after acquiring an additional 960,273 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of American Eagle Outfitters by 2.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 94,990 shares of the apparel retailer’s stock worth $2,106,000 after acquiring an additional 2,374 shares during the period. Morgan Stanley raised its holdings in shares of American Eagle Outfitters by 29.3% in the 2nd quarter. Morgan Stanley now owns 528,770 shares of the apparel retailer’s stock worth $19,845,000 after purchasing an additional 119,804 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $2,604,000.

NYSE AEO opened at $15.45 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.00. American Eagle Outfitters has a 1 year low of $15.12 and a 1 year high of $38.99. The company has a market capitalization of $2.61 billion, a PE ratio of 7.61, a P/E/G ratio of 0.79 and a beta of 1.33. The company has a fifty day moving average of $18.40 and a two-hundred day moving average of $22.54.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Friday, March 11th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, March 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.66%. American Eagle Outfitters’s dividend payout ratio (DPR) is 35.47%.

About American Eagle Outfitters (Get Rating)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

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Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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