Q1 2024 Earnings Forecast for American Eagle Outfitters, Inc. Issued By Telsey Advisory Group (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) – Equities research analysts at Telsey Advisory Group issued their Q1 2024 earnings per share (EPS) estimates for American Eagle Outfitters in a note issued to investors on Tuesday, May 24th. Telsey Advisory Group analyst D. Telsey forecasts that the apparel retailer will post earnings per share of $0.48 for the quarter. Telsey Advisory Group has a “Market Perform” rating and a $25.00 price target on the stock.

American Eagle Outfitters (NYSE:AEO – Get Rating) last released its 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 return on equity of 34.33% and a net margin of 8.37%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $23.00 price objective on the stock. in a research note on Friday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on American Eagle Outfitters from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, March 3rd. B. Riley reduced their price objective on American Eagle Outfitters from $41.00 to $32.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $29.00 to $20.00 in a research note on Monday, May 16th. Finally, BMO Capital Markets reduced their price objective on American Eagle Outfitters from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.36.

AEO opened at $13.56 on Wednesday. The stock has a market cap of $2.29 billion, a PE ratio of 6.68, a P/E/G ratio of 0.59 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. American Eagle Outfitters has a 52 week low of $11.61 and a 52 week high of $38.99. The business’s fifty day simple moving average is $15.92 and its 200 day simple moving average is $20.87.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders 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 5.31%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 35.47%.

In other American Eagle Outfitters news, Director Steven A. Davis bought 5,500 shares of the stock in a transaction dated Tuesday, March 8th. The stock was purchased at an average cost of $18.12 per share, for a total transaction 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 American Eagle Outfitters stock in a transaction that occurred 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 transaction, the executive vice president now owns 53,343 shares of the company’s stock, valued at $960,174. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisory LLC purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $26,000. Rockefeller Capital Management L.P. increased its position in shares of 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 acquiring an additional 620 shares in the last quarter. Elequin Capital LP bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $37,000. Canada Pension Plan Investment Board bought a new stake in shares of American Eagle Outfitters during the first quarter valued at approximately $37,000. Finally, Covestor Ltd bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $46,000.

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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