American Eagle Outfitters to Post FY2019 Earnings of $1.31 Per Share, SunTrust Banks Forecasts (AEO)

American Eagle Outfitters (NYSE:AEO) – Stock analysts at SunTrust Banks boosted their FY2019 earnings per share estimates for American Eagle Outfitters in a research report issued to clients and investors on Monday. SunTrust Banks analyst P. Quintiliano now anticipates that the apparel retailer will earn $1.31 per share for the year, up from their previous estimate of $1.28. SunTrust Banks has a “Buy” rating and a $21.00 price target on the stock.

Several other research analysts also recently issued reports on AEO. Cowen reiterated an “outperform” rating and set a $16.00 price target (up previously from $14.00) on shares of American Eagle Outfitters in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, October 10th. B. Riley reiterated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, November 1st. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, Telsey Advisory Group upped their price target on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.74.

Shares of American Eagle Outfitters (NYSE AEO) traded up $0.16 during midday trading on Wednesday, reaching $18.34. 3,488,600 shares of the company traded hands, compared to its average volume of 5,820,000. The firm has a market cap of $3,250.00, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.73%. American Eagle Outfitters’s payout ratio is presently 54.95%.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in American Eagle Outfitters by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the period. Sterling Capital Management LLC acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $128,000. CIBC World Markets Inc. lifted its position in American Eagle Outfitters by 0.6% during the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares during the period. Riverhead Capital Management LLC lifted its position in American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 5,282 shares during the period. Finally, Shelton Capital Management acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $154,000. Institutional investors own 83.20% of the company’s stock.

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About American Eagle Outfitters

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

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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