Wall Street brokerages forecast that American Eagle Outfitters (NYSE:AEO) will post $1.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Eagle Outfitters’ earnings, with estimates ranging from $1.06 billion to $1.07 billion. American Eagle Outfitters reported sales of $1.00 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The company is expected to issue its next earnings report on Tuesday, December 10th.
On average, analysts expect that American Eagle Outfitters will report full-year sales of $4.31 billion for the current financial year, with estimates ranging from $4.24 billion to $4.34 billion. For the next year, analysts expect that the firm will report sales of $4.49 billion, with estimates ranging from $4.29 billion to $4.60 billion. Zacks’ sales averages are an average based on a survey of research firms that follow American Eagle Outfitters.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 4th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. American Eagle Outfitters’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS.
A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on American Eagle Outfitters from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, September 5th. Cowen lifted their price target on American Eagle Outfitters from $17.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Citigroup downgraded American Eagle Outfitters from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $17.00 in a report on Monday, October 28th. JPMorgan Chase & Co. set a $16.00 target price on American Eagle Outfitters and gave the company a “hold” rating in a report on Wednesday, September 4th. Finally, Loop Capital reduced their target price on American Eagle Outfitters to $20.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $21.27.
Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in American Eagle Outfitters by 20.1% during the 2nd quarter. Invesco Ltd. now owns 1,353,236 shares of the apparel retailer’s stock valued at $22,870,000 after acquiring an additional 226,450 shares during the last quarter. AMP Capital Investors Ltd increased its position in American Eagle Outfitters by 73.2% during the 2nd quarter. AMP Capital Investors Ltd now owns 40,000 shares of the apparel retailer’s stock worth $680,000 after purchasing an additional 16,900 shares during the period. Kempen Capital Management N.V. increased its position in American Eagle Outfitters by 159.6% during the 2nd quarter. Kempen Capital Management N.V. now owns 545,024 shares of the apparel retailer’s stock worth $9,211,000 after purchasing an additional 335,054 shares during the period. Premier Fund Managers Ltd increased its position in American Eagle Outfitters by 8.6% during the 2nd quarter. Premier Fund Managers Ltd now owns 260,089 shares of the apparel retailer’s stock worth $4,423,000 after purchasing an additional 20,502 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in American Eagle Outfitters by 693.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock worth $62,000 after purchasing an additional 3,216 shares during the period. 93.02% of the stock is owned by institutional investors and hedge funds.
NYSE AEO traded down $0.31 during trading on Monday, reaching $16.29. 3,659,024 shares of the company’s stock were exchanged, compared to its average volume of 4,293,278. The stock has a market cap of $2.79 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.64 and a current ratio of 1.34. The company has a 50 day moving average price of $15.71 and a two-hundred day moving average price of $17.50. American Eagle Outfitters has a 1 year low of $13.66 and a 1 year high of $24.30.
The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, October 10th. American Eagle Outfitters’s payout ratio is currently 37.16%.
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 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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