American Eagle Outfitters (NYSE:AEO) Issues Earnings Results, Beats Expectations By $0.15 EPS

American Eagle Outfitters (NYSE:AEO) issued its quarterly earnings data on Tuesday. The apparel retailer reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15, MarketWatch Earnings reports. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. American Eagle Outfitters had a return on equity of 31.70% and a net margin of 6.12%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.

Shares of American Eagle Outfitters stock opened at $28.19 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.75 billion, a PE ratio of 20.43 and a beta of 1.39. The business’s 50-day moving average price is $25.98 and its 200-day moving average price is $30.96. American Eagle Outfitters has a 12 month low of $17.52 and a 12 month high of $38.99.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 2.55%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 52.17%.

An institutional investor recently raised its position in American Eagle Outfitters stock. Morgan Stanley grew its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 29.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528,770 shares of the apparel retailer’s stock after purchasing an additional 119,804 shares during the quarter. Morgan Stanley owned approximately 0.32% of American Eagle Outfitters worth $19,845,000 as of its most recent SEC filing.

A number of analysts recently issued reports on AEO shares. Cfra cut American Eagle Outfitters from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $37.00 to $28.00 in a report on Thursday, September 9th. Deutsche Bank Aktiengesellschaft increased their price objective on American Eagle Outfitters from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 3rd. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $38.00 to $31.00 and set a “market perform” rating on the stock in a report on Friday, September 3rd. Cowen reaffirmed a “buy” rating and issued a $40.00 price target on shares of American Eagle Outfitters in a report on Friday, September 3rd. Finally, Wedbush cut American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a report on Thursday, August 12th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $34.81.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Earnings History for American Eagle Outfitters (NYSE:AEO)

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