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

Analysts predict that American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) will report sales of $1.14 billion for the current quarter, according to Zacks. Six analysts have made estimates for American Eagle Outfitters’ earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.11 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 company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that American Eagle Outfitters will report full year sales of $5.69 billion for the current fiscal year, with estimates ranging from $5.64 billion to $5.76 billion. For the next financial year, analysts anticipate that the company will post sales of $5.94 billion, with estimates ranging from $5.84 billion to $6.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Eagle Outfitters had a net margin of 8.37% and a return on equity of 34.33%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $23.00 price objective for the company. in a report on Friday, February 18th. Jefferies Financial Group reduced their price target on American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. Telsey Advisory Group reduced their price target on American Eagle Outfitters from $31.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on American Eagle Outfitters from $38.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $32.00 to $29.00 in a report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.92.

In other news, Director Steven A. Davis bought 5,500 shares of the company’s stock in a transaction on Tuesday, March 8th. The shares were acquired at an average cost of $18.12 per share, with a total value of $99,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Mclean sold 24,958 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $18.00, for a total value of $449,244.00. Following the completion of the transaction, the executive vice president now directly owns 53,343 shares in the company, valued at $960,174. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of American Eagle Outfitters by 1.3% during the 4th 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 in the last quarter. Robotti Robert lifted its position in shares of American Eagle Outfitters by 0.5% during the 4th 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 in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of American Eagle Outfitters by 1.4% during the 4th 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 in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of American Eagle Outfitters by 73.6% during the 4th 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 in the last quarter. Finally, Profund Advisors LLC lifted its holdings in American Eagle Outfitters by 5.3% in the 4th quarter. Profund Advisors LLC now owns 13,887 shares of the apparel retailer’s stock worth $352,000 after purchasing an additional 693 shares in the last quarter.

Shares of AEO stock opened at $14.35 on Friday. The stock has a fifty day moving average of $16.66 and a 200 day moving average of $21.51. American Eagle Outfitters has a 52 week low of $13.36 and a 52 week high of $38.99. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.61 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Friday, March 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.72 annualized dividend and a yield of 5.02%. American Eagle Outfitters’s payout ratio 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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$1.14 Billion in Sales Expected for American Eagle Outfitters, Inc. (NYSE:AEO) This Quarter

Analysts expect American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) to report sales of $1.14 billion for the current quarter, Zacks reports. Six analysts have made estimates for American Eagle Outfitters’ earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.11 billion. American Eagle Outfitters posted sales of $1.03 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The business is scheduled to issue 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 fiscal year, with estimates ranging from $5.64 billion to $5.76 billion. For the next financial year, analysts anticipate that the business will post sales of $5.94 billion, with estimates ranging from $5.84 billion to $6.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover American Eagle Outfitters.

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

Several analysts have recently issued reports on AEO shares. Jefferies Financial Group decreased their price objective on American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on American Eagle Outfitters from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Zacks Investment Research lowered American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $23.00 price target on the stock. in a report on Friday, February 18th. Morgan Stanley decreased their price target on American Eagle Outfitters from $29.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, March 7th. Finally, BMO Capital Markets decreased their price target on American Eagle Outfitters from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.92.

In other American Eagle Outfitters news, Director Steven A. Davis acquired 5,500 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were bought at an average price of $18.12 per share, with a total value of $99,660.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 53,343 shares in the company, valued at approximately $960,174. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AEO. Marshall Wace LLP bought a new position in shares of American Eagle Outfitters during the 1st quarter worth $198,000. FMR LLC grew its position in shares of American Eagle Outfitters by 80.5% during the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock worth $47,726,000 after buying an additional 960,273 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of American Eagle Outfitters by 2.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 94,990 shares of the apparel retailer’s stock worth $2,106,000 after buying an additional 2,374 shares in the last quarter. Morgan Stanley grew its position in shares of American Eagle Outfitters by 29.3% during the 2nd quarter. Morgan Stanley now owns 528,770 shares of the apparel retailer’s stock worth $19,845,000 after buying an additional 119,804 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of American Eagle Outfitters by 69.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,478 shares of the apparel retailer’s stock worth $322,000 after buying an additional 5,108 shares in the last quarter.

Shares of AEO opened at $14.35 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. American Eagle Outfitters has a 1 year low of $13.36 and a 1 year high of $38.99. The business’s 50 day simple moving average is $16.66 and its 200-day simple moving average is $21.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.00.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Friday, March 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.02%. The ex-dividend date was Thursday, March 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 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.

See Also

Get a free copy of the Zacks research report on American Eagle Outfitters (AEO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.