Brokerages Anticipate American Eagle Outfitters, Inc. (NYSE:AEO) Will Announce Earnings of $0.59 Per Share

Equities analysts expect American Eagle Outfitters, Inc. (NYSE:AEO) to announce earnings per share (EPS) of $0.59 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for American Eagle Outfitters’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.65. American Eagle Outfitters reported earnings of $0.35 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 68.6%. The firm is scheduled to report its next earnings results on Tuesday, November 23rd.

On average, analysts expect that American Eagle Outfitters will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.13 to $2.26. For the next financial year, analysts anticipate that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $1.75 to $2.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 1st. The apparel retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. American Eagle Outfitters had a net margin of 6.12% and a return on equity of 31.70%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted ($0.03) earnings per share. American Eagle Outfitters’s revenue for the quarter was up 35.1% compared to the same quarter last year.

Several research firms have issued reports on AEO. Jefferies Financial Group boosted their price objective on shares of American Eagle Outfitters from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 27th. Cfra downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating and decreased their target price for the company from $37.00 to $28.00 in a research note on Thursday, September 9th. Wedbush downgraded shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 12th. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $38.00 to $31.00 and set a “market perform” rating for the company in a research note on Friday, September 3rd. Finally, Zacks Investment Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research note on Tuesday, June 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $33.65.

AEO opened at $26.14 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.08 and a debt-to-equity ratio of 0.26. American Eagle Outfitters has a 52-week low of $13.36 and a 52-week high of $38.99. The company has a 50 day moving average of $32.50 and a two-hundred day moving average of $32.95. The company has a market cap of $4.41 billion, a P/E ratio of 18.94 and a beta of 1.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 8th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.75%. American Eagle Outfitters’s dividend payout ratio (DPR) is 360.00%.

In related news, EVP Andrew J. Mclean sold 16,282 shares of the stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $34.31, for a total value of $558,635.42. Following the completion of the transaction, the executive vice president now owns 69,464 shares in the company, valued at approximately $2,383,309.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew J. Mclean sold 15,431 shares of the firm’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $35.00, for a total transaction of $540,085.00. Following the transaction, the executive vice president now owns 38,198 shares of the company’s stock, valued at approximately $1,336,930. The disclosure for this sale can be found here. Insiders have sold 37,633 shares of company stock worth $1,305,920 over the last three months. 8.20% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Select Equity Group L.P. acquired a new position in shares of American Eagle Outfitters in the first quarter worth about $142,070,000. Atreides Management LP boosted its holdings in shares of American Eagle Outfitters by 68.7% in the first quarter. Atreides Management LP now owns 6,792,531 shares of the apparel retailer’s stock worth $198,614,000 after buying an additional 2,766,531 shares during the period. Candlestick Capital Management LP purchased a new stake in shares of American Eagle Outfitters in the first quarter worth approximately $68,954,000. GQG Partners LLC purchased a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $71,878,000. Finally, BlackRock Inc. lifted its position in shares of American Eagle Outfitters by 11.1% in the first quarter. BlackRock Inc. now owns 18,554,049 shares of the apparel retailer’s stock worth $542,519,000 after purchasing an additional 1,859,562 shares in the last quarter.

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 and Estimates for American Eagle Outfitters (NYSE:AEO)

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