$0.29 EPS Expected for American Eagle Outfitters (AEO) This Quarter

Wall Street brokerages predict that American Eagle Outfitters (NYSE:AEO) will post earnings per share (EPS) of $0.29 for the current quarter, according to Zacks. Seven analysts have provided estimates for American Eagle Outfitters’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.33. American Eagle Outfitters reported earnings of $0.19 per share in the same quarter last year, which would indicate a positive year over year growth rate of 52.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 22nd.

On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.59. For the next year, analysts expect that the business will post earnings of $1.62 per share, with EPS estimates ranging from $1.35 to $1.85. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. American Eagle Outfitters had a net margin of 5.67% and a return on equity of 18.65%. The business had revenue of $823.00 million during the quarter, compared to the consensus estimate of $811.46 million. During the same period in the prior year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.



A number of equities research analysts have issued reports on AEO shares. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, May 7th. Loop Capital started coverage on shares of American Eagle Outfitters in a research report on Thursday, March 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Buckingham Research set a $23.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Friday, March 9th. Royal Bank of Canada set a $22.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, B. Riley reissued a “buy” rating and set a $22.00 target price (up from $20.00) on shares of American Eagle Outfitters in a research report on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $20.56.

AEO stock traded down $0.42 during trading on Friday, reaching $23.79. The stock had a trading volume of 345,426 shares, compared to its average volume of 4,361,645. American Eagle Outfitters has a one year low of $10.23 and a one year high of $24.83. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.34 and a beta of 1.04.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, July 12th. American Eagle Outfitters’s dividend payout ratio is currently 47.41%.

In related news, insider Jennifer M. Foyle sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total value of $433,180.00. Following the completion of the transaction, the insider now directly owns 49,791 shares of the company’s stock, valued at approximately $980,384.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael R. Rempell sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $19.92, for a total transaction of $298,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,777,675 shares of company stock valued at $65,687,457. 6.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. bought a new position in American Eagle Outfitters in the 1st quarter worth approximately $9,140,000. Advisor Group Inc. boosted its holdings in American Eagle Outfitters by 291.6% in the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after buying an additional 5,404 shares during the period. Sequoia Financial Advisors LLC bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $189,000. Cornerstone Capital Management Holdings LLC. bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $202,000. Finally, Emerald Advisers Inc. PA bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $207,000. 85.39% of the stock is owned by institutional investors.

About American Eagle Outfitters

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