Analysts Anticipate American Eagle Outfitters (AEO) Will Announce Earnings of $0.29 Per Share

Equities analysts predict that American Eagle Outfitters (NYSE:AEO) will report earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for American Eagle Outfitters’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.33. American Eagle Outfitters reported earnings per share of $0.19 during the same quarter last year, which suggests a positive year over year growth rate of 52.6%. The firm is expected to announce its next earnings results on Wednesday, August 22nd.

On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.59. For the next year, analysts anticipate that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.35 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. American Eagle Outfitters had a net margin of 5.67% and a return on equity of 18.65%. The firm had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $811.46 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis.

AEO has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of American Eagle Outfitters from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Friday, June 1st. Jefferies Financial Group restated a “buy” rating and set a $24.00 target price on shares of American Eagle Outfitters in a research report on Friday, February 23rd. ValuEngine upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Bank of America boosted their target price on shares of American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, March 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $20.56.

Shares of American Eagle Outfitters traded down $0.42, hitting $23.79, during mid-day trading on Friday, according to Marketbeat.com. 345,426 shares of the company traded hands, compared to its average volume of 4,361,645. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $24.83. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.34 and a beta of 1.04.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 13th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.31%. American Eagle Outfitters’s dividend payout ratio is 47.41%.

In related news, Chairman Jay L. Schottenstein sold 1,950,000 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $24.13, for a total transaction of $47,053,500.00. Following the sale, the chairman now owns 1,072,535 shares of the company’s stock, valued at $25,880,269.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 22,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total transaction of $433,180.00. Following the sale, the insider now directly owns 49,791 shares in the company, valued at approximately $980,384.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,777,675 shares of company stock valued at $65,687,457. 6.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AEO. Bank of Montreal Can raised its stake in American Eagle Outfitters by 57.9% during the fourth quarter. Bank of Montreal Can now owns 83,237 shares of the apparel retailer’s stock valued at $1,564,000 after purchasing an additional 30,523 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in American Eagle Outfitters by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,303,576 shares of the apparel retailer’s stock valued at $24,508,000 after purchasing an additional 49,226 shares in the last quarter. Strs Ohio raised its stake in American Eagle Outfitters by 142.9% during the fourth quarter. Strs Ohio now owns 11,900 shares of the apparel retailer’s stock valued at $223,000 after purchasing an additional 7,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Eagle Outfitters by 35.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock valued at $217,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in American Eagle Outfitters by 6,294.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after purchasing an additional 2,177,371 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors.

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 Outfitters 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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