American Eagle Outfitters (AEO) Expected to Announce Quarterly Earnings on Wednesday

American Eagle Outfitters (NYSE:AEO) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $1.60 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

American Eagle Outfitters Stock Down 5.7 %

NYSE AEO opened at $12.11 on Tuesday. American Eagle Outfitters has a 52 week low of $11.65 and a 52 week high of $26.25. The stock has a market capitalization of $2.33 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm has a 50 day moving average of $15.22 and a two-hundred day moving average of $17.89.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

AEO has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Morgan Stanley downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $19.00 to $17.00 in a research report on Wednesday, February 5th. Bank of America reduced their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.70.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.