$1.14 Billion in Sales Expected for American Eagle Outfitters, Inc. (NYSE:AEO) This Quarter

Equities research analysts expect that American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) will post $1.14 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings. The lowest sales estimate is $1.11 billion and the highest is $1.15 billion. American Eagle Outfitters reported sales of $1.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that American Eagle Outfitters will report full year sales of $5.69 billion for the current financial year, with estimates ranging from $5.64 billion to $5.76 billion. For the next fiscal year, analysts expect that the business will report sales of $5.94 billion, with estimates ranging from $5.84 billion to $6.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow American Eagle Outfitters.

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

A number of research analysts have recently issued reports on AEO shares. UBS Group dropped their price target on shares of American Eagle Outfitters from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Jefferies Financial Group dropped their target price on shares of American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $31.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, March 3rd. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $24.00 to $19.00 in a research report on Friday, April 1st. Finally, Morgan Stanley dropped their target price on shares of American Eagle Outfitters from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, March 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.92.

Shares of NYSE AEO opened at $14.35 on Friday. The company has a market capitalization of $2.42 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. American Eagle Outfitters has a 52-week low of $13.36 and a 52-week high of $38.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.66. The company’s 50 day moving average price is $16.66 and its 200-day moving average price is $21.51.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Friday, March 11th were paid a $0.18 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.72 annualized dividend and a dividend yield of 5.02%. American Eagle Outfitters’s payout ratio is 35.47%.

In other news, EVP Andrew J. Mclean sold 24,958 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $18.00, for a total value of $449,244.00. Following the completion of the sale, the executive vice president now owns 53,343 shares in the company, valued at approximately $960,174. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael R. Rempell sold 12,895 shares of the company’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $19.12, for a total transaction of $246,552.40. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System grew its position in American Eagle Outfitters by 1.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the apparel retailer’s stock valued at $998,000 after buying an additional 500 shares during the period. Robotti Robert grew its position in American Eagle Outfitters by 0.5% during the fourth quarter. Robotti Robert now owns 106,686 shares of the apparel retailer’s stock valued at $2,701,000 after buying an additional 513 shares during the period. Thrivent Financial for Lutherans grew its position in American Eagle Outfitters by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 40,454 shares of the apparel retailer’s stock valued at $1,024,000 after buying an additional 560 shares during the period. Rockefeller Capital Management L.P. grew its position in American Eagle Outfitters by 73.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 620 shares during the period. Finally, Profund Advisors LLC grew its position in American Eagle Outfitters by 5.3% during the fourth quarter. Profund Advisors LLC now owns 13,887 shares of the apparel retailer’s stock valued at $352,000 after buying an additional 693 shares during the period.

American Eagle Outfitters Company Profile (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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