Zacks: Brokerages Anticipate American Eagle Outfitters, Inc. (AEO) to Post $0.39 Earnings Per Share
Equities analysts expect that American Eagle Outfitters, Inc. (NYSE:AEO) will announce earnings per share (EPS) of $0.39 for the current quarter, Zacks reports. Six analysts have issued estimates for American Eagle Outfitters’ earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.41. American Eagle Outfitters reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.9%. The business is expected to issue its next earnings report on Wednesday, November 29th.
On average, analysts expect that American Eagle Outfitters will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.15. For the next year, analysts forecast that the company will post earnings of $1.15 per share, with EPS estimates ranging from $1.00 to $1.25. Zacks’ EPS averages are an average based on a survey of analysts that cover American Eagle Outfitters.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The business had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis.
A number of analysts have recently commented on AEO shares. Zacks Investment Research upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets set a $15.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, August 8th. BidaskClub downgraded American Eagle Outfitters from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $13.00 price objective (up from $12.00) on shares of American Eagle Outfitters in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.84.
Several institutional investors have recently made changes to their positions in the company. Glen Harbor Capital Management LLC lifted its position in shares of American Eagle Outfitters by 2.2% during the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after purchasing an additional 729 shares during the last quarter. Ronald Blue & Co. LLC lifted its position in shares of American Eagle Outfitters by 3.1% during the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after purchasing an additional 311 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of American Eagle Outfitters during the second quarter worth about $128,000. Finally, Elkfork Partners LLC lifted its position in shares of American Eagle Outfitters by 2.2% during the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.
Shares of American Eagle Outfitters (NYSE:AEO) traded down 1.16% during midday trading on Monday, hitting $13.66. The stock had a trading volume of 1,849,931 shares. The stock has a market cap of $2.42 billion, a P/E ratio of 14.02 and a beta of 1.07. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.00. The stock has a 50-day moving average price of $12.10 and a 200-day moving average price of $12.57.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.50 annualized dividend and a dividend yield of 3.62%. American Eagle Outfitters’s dividend payout ratio is presently 51.55%.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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