Wall Street analysts expect American Eagle Outfitters (NYSE:AEO) to announce earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings. The highest EPS estimate is $0.50 and the lowest is $0.45. American Eagle Outfitters reported earnings per share of $0.37 during the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The business is scheduled to issue its next quarterly earnings results on Wednesday, December 5th.
On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.56. For the next fiscal year, analysts anticipate that the company will post earnings of $1.63 per share, with EPS estimates ranging from $1.40 to $1.70. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for American Eagle Outfitters.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. American Eagle Outfitters’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS.
A number of brokerages have weighed in on AEO. UBS Group began coverage on shares of American Eagle Outfitters in a report on Thursday, June 21st. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $30.00 price target on shares of American Eagle Outfitters in a report on Thursday, June 21st. Finally, Loop Capital set a $27.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Friday, July 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.07.
Shares of AEO traded down $0.94 during mid-day trading on Monday, reaching $21.40. The company had a trading volume of 243,747 shares, compared to its average volume of 4,292,415. The firm has a market cap of $4.40 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. American Eagle Outfitters has a fifty-two week low of $12.51 and a fifty-two week high of $29.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.55 annualized dividend and a dividend yield of 2.57%. American Eagle Outfitters’s payout ratio is 47.41%.
In related news, VP James H. Keefer, Jr. sold 5,600 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $24.50, for a total transaction of $137,200.00. Following the transaction, the vice president now owns 4,723 shares in the company, valued at approximately $115,713.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles F. Kessler sold 10,000 shares of American Eagle Outfitters stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the insider now owns 110,079 shares in the company, valued at approximately $3,082,212. The disclosure for this sale can be found here. Insiders have sold a total of 32,593 shares of company stock worth $839,816 in the last 90 days. Company insiders own 6.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp lifted its holdings in shares of American Eagle Outfitters by 99.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after acquiring an additional 3,193 shares in the last quarter. Cerebellum GP LLC lifted its holdings in shares of American Eagle Outfitters by 42.7% during the 2nd quarter. Cerebellum GP LLC now owns 7,442 shares of the apparel retailer’s stock valued at $173,000 after acquiring an additional 2,226 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $201,000. Bridgewater Associates LP acquired a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $202,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 88.03% of the company’s stock.
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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