$0.52 EPS Expected for American Eagle Outfitters, Inc. (NYSE:AEO) This Quarter

Wall Street brokerages expect American Eagle Outfitters, Inc. (NYSE:AEO) to announce earnings per share (EPS) of $0.52 for the current quarter, Zacks reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.61. American Eagle Outfitters posted earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year over year growth rate of 1,833.3%. The firm is expected to announce its next quarterly earnings results on Wednesday, September 8th.

On average, analysts expect that American Eagle Outfitters will report full year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.25. For the next year, analysts forecast that the company will post earnings of $2.24 per share, with EPS estimates ranging from $1.65 to $2.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Tuesday, May 25th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. American Eagle Outfitters had a net margin of 3.38% and a return on equity of 21.66%.

AEO has been the subject of several recent research reports. Barclays increased their target price on shares of American Eagle Outfitters from $33.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. BMO Capital Markets lifted their target price on American Eagle Outfitters from $26.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 15th. Cowen increased their price target on American Eagle Outfitters from $31.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, April 21st. Royal Bank of Canada began coverage on American Eagle Outfitters in a research note on Friday, April 23rd. They set an “outperform” rating and a $37.00 price objective on the stock. Finally, UBS Group raised their target price on shares of American Eagle Outfitters from $31.00 to $37.00 in a research note on Thursday, March 4th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. American Eagle Outfitters currently has an average rating of “Buy” and an average target price of $32.63.

In related news, Director Thomas R. Ketteler sold 950 shares of the stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $34.52, for a total transaction of $32,794.00. Following the sale, the director now owns 5,564 shares of the company’s stock, valued at $192,069.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles F. Kessler sold 164,908 shares of the firm’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $34.45, for a total value of $5,681,080.60. Following the transaction, the insider now owns 208,115 shares in the company, valued at approximately $7,169,561.75. The disclosure for this sale can be found here. Insiders have sold a total of 278,088 shares of company stock worth $9,733,038 in the last quarter. Company insiders own 8.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters during the first quarter worth about $29,000. Captrust Financial Advisors lifted its holdings in shares of American Eagle Outfitters by 261.4% during the 1st quarter. Captrust Financial Advisors now owns 1,066 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 771 shares during the period. Carroll Financial Associates Inc. bought a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $55,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in American Eagle Outfitters in the fourth quarter valued at approximately $147,000.

AEO opened at $33.30 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.38. The firm has a market cap of $5.58 billion, a P/E ratio of 46.25 and a beta of 1.47. The firm has a 50-day moving average price of $34.38. American Eagle Outfitters has a 1 year low of $9.25 and a 1 year high of $38.28.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 23rd. Investors of record on Friday, July 9th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, July 8th. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 2.16%. American Eagle Outfitters’s payout ratio is 275.00%.

American Eagle Outfitters Company Profile

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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