Brokerages Expect American Eagle Outfitters (AEO) to Post $0.22 EPS

Equities research analysts expect that American Eagle Outfitters (NYSE:AEO) will report $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for American Eagle Outfitters’ earnings, with estimates ranging from $0.20 to $0.23. American Eagle Outfitters reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 16th.

According to Zacks, analysts expect that American Eagle Outfitters will report full year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.35 to $1.55. For the next year, analysts anticipate that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.35 to $1.75. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for American Eagle Outfitters.

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American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS.

A number of equities analysts have recently commented on AEO shares. Buckingham Research raised shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of American Eagle Outfitters in a report on Friday, February 23rd. Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.37.

Shares of NYSE:AEO traded down $0.21 during midday trading on Wednesday, reaching $21.55. 2,721,401 shares of the company’s stock were exchanged, compared to its average volume of 4,224,923. The company has a market capitalization of $3,835.17, a price-to-earnings ratio of 18.58, a PEG ratio of 2.09 and a beta of 1.03. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $22.03.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, April 12th. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

In other news, COO Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $20.10, for a total transaction of $190,286.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer M. Foyle sold 120,070 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $21.09, for a total transaction of $2,532,276.30. Following the sale, the insider now owns 115,591 shares of the company’s stock, valued at approximately $2,437,814.19. The disclosure for this sale can be found here. Insiders sold a total of 199,437 shares of company stock valued at $4,151,943 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $129,000. Advisor Group Inc. grew its position in shares of American Eagle Outfitters by 291.6% during the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after buying an additional 5,404 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $189,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $202,000. Finally, Emerald Advisers Inc. PA acquired a new position in American Eagle Outfitters during the fourth quarter valued at approximately $207,000. Institutional investors own 86.07% of the company’s stock.

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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 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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