$0.59 EPS Expected for American Eagle Outfitters, Inc. (NYSE:AEO) This Quarter

Wall Street brokerages expect that American Eagle Outfitters, Inc. (NYSE:AEO) will report $0.59 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Eagle Outfitters’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.65. American Eagle Outfitters reported earnings per share of $0.35 in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.6%. The business is scheduled to announce its next earnings results on Tuesday, November 23rd.

On average, analysts expect that American Eagle Outfitters will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.26. For the next financial year, analysts anticipate that the business will post earnings of $2.38 per share, with EPS estimates ranging from $1.75 to $2.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, September 1st. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. American Eagle Outfitters had a net margin of 6.12% and a return on equity of 31.70%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis.

Several research firms have issued reports on AEO. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American Eagle Outfitters from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 3rd. Cowen reissued a “buy” rating and set a $40.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Jefferies Financial Group boosted their price objective on shares of American Eagle Outfitters from $39.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 27th. B. Riley boosted their price objective on shares of American Eagle Outfitters from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, May 27th. Finally, Morgan Stanley reissued a “hold” rating and set a $29.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Buy” and a consensus target price of $33.65.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 5,920 shares of the company’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $35.00, for a total value of $207,200.00. Following the sale, the insider now directly owns 115,711 shares of the company’s stock, valued at $4,049,885. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew J. Mclean sold 16,282 shares of the company’s stock in a transaction on Monday, August 9th. The shares were sold at an average price of $34.31, for a total transaction of $558,635.42. Following the completion of the sale, the executive vice president now directly owns 69,464 shares in the company, valued at $2,383,309.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,633 shares of company stock worth $1,305,920. 8.20% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its position in shares of American Eagle Outfitters by 2.9% in the first quarter. Fifth Third Bancorp now owns 11,896 shares of the apparel retailer’s stock worth $348,000 after acquiring an additional 335 shares during the period. Arizona State Retirement System raised its position in shares of American Eagle Outfitters by 0.8% in the first quarter. Arizona State Retirement System now owns 45,938 shares of the apparel retailer’s stock worth $1,343,000 after acquiring an additional 342 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of American Eagle Outfitters by 0.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,286 shares of the apparel retailer’s stock worth $1,887,000 after acquiring an additional 390 shares during the period. Level Four Advisory Services LLC raised its position in shares of American Eagle Outfitters by 4.4% during the 2nd quarter. Level Four Advisory Services LLC now owns 10,496 shares of the apparel retailer’s stock worth $394,000 after purchasing an additional 440 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in shares of American Eagle Outfitters by 1.6% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,898 shares of the apparel retailer’s stock worth $1,160,000 after purchasing an additional 500 shares during the last quarter.

NYSE AEO traded up $0.32 on Wednesday, hitting $26.71. The stock had a trading volume of 3,113,515 shares, compared to its average volume of 4,528,612. The business’s fifty day moving average price is $31.55 and its 200 day moving average price is $32.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.08 and a quick ratio of 1.43. American Eagle Outfitters has a 52-week low of $13.36 and a 52-week high of $38.99. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 19.36 and a beta of 1.43.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, October 7th. American Eagle Outfitters’s payout ratio is 360.00%.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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