Brokers Offer Predictions for American Eagle Outfitters’ FY2020 Earnings (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO) – Equities research analysts at Jefferies Financial Group lowered their FY2020 earnings per share (EPS) estimates for shares of American Eagle Outfitters in a research note issued to investors on Wednesday, December 11th. Jefferies Financial Group analyst J. Stichter now anticipates that the apparel retailer will post earnings of $1.46 per share for the year, down from their previous forecast of $1.62. Jefferies Financial Group has a “Buy” rating and a $22.00 price objective on the stock. Jefferies Financial Group also issued estimates for American Eagle Outfitters’ FY2021 earnings at $1.50 EPS.

AEO has been the subject of a number of other research reports. ValuEngine upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Citigroup cut American Eagle Outfitters from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $17.00 in a report on Monday, October 28th. JPMorgan Chase & Co. set a $16.00 price target on American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, September 4th. B. Riley reiterated a “buy” rating and set a $21.00 price target on shares of American Eagle Outfitters in a report on Thursday. Finally, Royal Bank of Canada reduced their price target on American Eagle Outfitters from $18.00 to $16.00 and set a “sector perform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.64.

American Eagle Outfitters stock opened at $14.46 on Friday. American Eagle Outfitters has a 52 week low of $13.66 and a 52 week high of $24.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 1.33. The stock has a market capitalization of $2.39 billion, a P/E ratio of 9.77, a PEG ratio of 1.54 and a beta of 0.83. The stock has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $16.39.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 11th. The apparel retailer reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. American Eagle Outfitters had a return on equity of 21.25% and a net margin of 6.20%. American Eagle Outfitters’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS.

A number of institutional investors have recently bought and sold shares of AEO. Private Ocean LLC acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its position in American Eagle Outfitters by 232.5% during the second 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 last quarter. Avestar Capital LLC acquired a new stake in American Eagle Outfitters during the second quarter worth approximately $132,000. ETF Managers Group LLC acquired a new stake in American Eagle Outfitters during the second quarter worth approximately $145,000. Finally, WBI Investments Inc. acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $165,000. Institutional investors and hedge funds 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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