Zacks: Analysts Anticipate American Eagle Outfitters (AEO) to Post $0.47 Earnings Per Share

Equities research analysts expect American Eagle Outfitters (NYSE:AEO) to post earnings per share of $0.47 for the current fiscal quarter, according to Zacks. Six analysts have made estimates for American Eagle Outfitters’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.50. American Eagle Outfitters posted earnings per share of $0.37 in the same quarter last year, which suggests a positive year-over-year growth rate of 27%. The business is scheduled to announce 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 year, analysts expect that the company will post earnings of $1.63 per share, with EPS estimates ranging from $1.40 to $1.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $964.85 million for the quarter, compared to the consensus estimate of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS.

AEO has been the topic of a number of research reports. Jefferies Financial Group set a $33.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, July 25th. Bank of America upped their target price on American Eagle Outfitters from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. UBS Group upped their target price on American Eagle Outfitters from $33.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, July 23rd. Finally, Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Monday, August 27th. They noted that the move was a valuation call. One 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 stock has an average rating of “Buy” and a consensus price target of $25.07.

Shares of AEO traded up $0.50 during trading hours on Monday, reaching $21.27. The company’s stock had a trading volume of 4,715,135 shares, compared to its average volume of 4,312,633. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.08 and a beta of 0.83. American Eagle Outfitters has a 1-year low of $12.51 and a 1-year high of $29.88.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.55 annualized dividend and a dividend yield of 2.59%. American Eagle Outfitters’s payout ratio is 47.41%.

In related news, insider Charles F. Kessler sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the insider now owns 110,079 shares of the company’s stock, valued at approximately $3,082,212. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Cary D. Mcmillan sold 16,993 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total value of $422,615.91. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Americas Holdings Corp boosted its position in American Eagle Outfitters by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock worth $149,000 after purchasing an additional 3,193 shares during the period. Cerebellum GP LLC boosted its position in American Eagle Outfitters by 42.7% during the second quarter. Cerebellum GP LLC now owns 7,442 shares of the apparel retailer’s stock worth $173,000 after purchasing an additional 2,226 shares during the period. CAPROCK Group Inc. bought a new stake in American Eagle Outfitters during the second quarter worth approximately $201,000. Bridgewater Associates LP bought a new stake in American Eagle Outfitters during the second quarter worth approximately $202,000. Finally, Eqis Capital Management Inc. bought a new stake in American Eagle Outfitters during the second quarter worth approximately $213,000. 88.03% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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