FY2020 EPS Estimates for American Eagle Outfitters (NYSE:AEO) Cut by Analyst

American Eagle Outfitters (NYSE:AEO) – Analysts at Wedbush cut their FY2020 earnings estimates for shares of American Eagle Outfitters in a research report issued on Thursday, December 12th. Wedbush analyst J. Redding now expects that the apparel retailer will earn $1.48 per share for the year, down from their previous estimate of $1.60. Wedbush also issued estimates for American Eagle Outfitters’ Q4 2020 earnings at $0.37 EPS, Q1 2021 earnings at $0.22 EPS, Q2 2021 earnings at $0.37 EPS, Q3 2021 earnings at $0.53 EPS and FY2022 earnings at $2.09 EPS.

AEO has been the subject of several other research reports. Citigroup cut shares of American Eagle Outfitters from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $17.00 in a research note on Monday, October 28th. DA Davidson initiated coverage on shares of American Eagle Outfitters in a report on Tuesday, September 17th. They issued a “buy” rating and a $21.00 price objective for the company. ValuEngine upgraded shares of American Eagle Outfitters from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Barclays initiated coverage on shares of American Eagle Outfitters in a research report on Tuesday, November 12th. They issued an “equal weight” rating and a $17.00 target price on the stock. Finally, Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $19.64.

AEO opened at $14.84 on Friday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.54 and a beta of 0.83. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $15.58 and a 200-day moving average price of $16.42. American Eagle Outfitters has a twelve month low of $13.66 and a twelve month high of $24.30.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. American Eagle Outfitters had a net margin of 6.20% and a return on equity of 21.25%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEO. Private Ocean LLC bought a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its stake in American Eagle Outfitters by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,203 shares of the apparel retailer’s stock worth $88,000 after acquiring an additional 3,638 shares during the period. Avestar Capital LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $132,000. ETF Managers Group LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $145,000. Finally, WBI Investments Inc. bought a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $165,000. Institutional investors own 90.91% of the company’s stock.

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 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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