Aeropostale (ARO) Releases Q4 Earnings Guidance
Aeropostale (ARO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.20-0.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40.
Aeropostale (ARO) traded down 2.39% on Thursday, hitting $13.05. Aeropostale (ARO) has a 1-year low of $11.76 and a 1-year high of $23.05. The stock’s 50-day moving average is currently $13.43. The company has a market cap of $1.021 billion and a price-to-earnings ratio of 17.57.
Aeropostale last released its earnings data on Wednesday, November 28th. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $605.90 million for the quarter. During the same quarter in 2012, the company posted $0.30 earnings per share. Aeropostale’s revenue was up 1.6% compared to the same quarter last year. Aeropostale has set its Q4 guidance at $0.36-0.41 EPS. On average, analysts predict that Aeropostale (ARO) will post $0.84 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ARO shares. Analysts at Brean Murray downgraded shares of Aeropostale from a buy rating to a hold rating in a research note to investors on Thursday. On a related note, analysts at Janney Montgomery Scott reiterated a neutral rating on shares of Aeropostale in a research note to investors on Monday, December 17th. Finally, analysts at Goldman Sachs initiated coverage on shares of Aeropostale in a research note to investors on Tuesday, December 11th. They set a neutral rating and a $14.00 price target on the stock.
Twelve analysts have rated the stock with a buy rating, one has assigned an overweight rating, ten have issued a hold rating, and one has given a sell rating to the company’s stock. The stock currently has a consensus rating of overweight and an average target price of $16.37.
Aeropostale, Inc., (Aeropostale) is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.
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