Analysts Expect American Eagle Outfitters (NYSE:AEO) Will Post Earnings of $0.32 Per Share

Analysts expect American Eagle Outfitters (NYSE:AEO) to post earnings per share (EPS) of $0.32 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for American Eagle Outfitters’ earnings, with estimates ranging from $0.30 to $0.33. American Eagle Outfitters reported earnings per share of $0.34 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that American Eagle Outfitters will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.65. For the next financial year, analysts expect that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.45 to $1.88. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $886.29 million during the quarter, compared to the consensus estimate of $855.55 million. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share.

A number of research analysts have recently issued reports on AEO shares. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Wedbush reaffirmed an “outperform” rating and issued a $79.00 price objective on shares of Aimmune Therapeutics in a research note on Thursday, June 6th. ValuEngine upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Royal Bank of Canada increased their target price on Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 9th. Finally, UBS Group restated a “buy” rating and set a GBX 285 ($3.72) price target on shares of in a report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $23.73.

Shares of NYSE AEO traded down $0.22 during trading on Friday, reaching $18.09. The company had a trading volume of 221,330 shares, compared to its average volume of 3,900,740. American Eagle Outfitters has a 12-month low of $16.31 and a 12-month high of $29.88. The stock has a market cap of $3.00 billion, a PE ratio of 12.22, a PEG ratio of 1.65 and a beta of 0.97. The business’s 50-day moving average is $17.42. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.76 and a current ratio of 1.46.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.55 dividend on an annualized basis and a yield of 3.04%. American Eagle Outfitters’s payout ratio is 37.16%.

In related news, insider Charles F. Kessler sold 3,573 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total value of $82,179.00. Following the completion of the transaction, the insider now directly owns 132,618 shares in the company, valued at $3,050,214. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer M. Foyle sold 117,051 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $23.53, for a total value of $2,754,210.03. Following the completion of the transaction, the insider now owns 144,228 shares of the company’s stock, valued at $3,393,684.84. The disclosure for this sale can be found here. 7.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Ocean LLC bought a new position in American Eagle Outfitters in the 1st quarter valued at approximately $27,000. Advisory Services Network LLC bought a new stake in American Eagle Outfitters in the 1st quarter worth approximately $30,000. NEXT Financial Group Inc lifted its position in American Eagle Outfitters by 40.6% in the second quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of American Eagle Outfitters by 693.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock valued at $62,000 after acquiring an additional 3,216 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of American Eagle Outfitters during the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 90.75% 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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