$1.23 Billion in Sales Expected for American Eagle Outfitters, Inc. (NYSE:AEO) This Quarter

Equities research analysts predict that American Eagle Outfitters, Inc. (NYSE:AEO) will report sales of $1.23 billion for the current quarter, according to Zacks. Five analysts have made estimates for American Eagle Outfitters’ earnings, with the highest sales estimate coming in at $1.27 billion and the lowest estimate coming in at $1.21 billion. American Eagle Outfitters reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next earnings report on Tuesday, November 23rd.

On average, analysts expect that American Eagle Outfitters will report full year sales of $4.96 billion for the current year, with estimates ranging from $4.91 billion to $5.07 billion. For the next financial year, analysts expect that the business will post sales of $5.35 billion, with estimates ranging from $5.14 billion to $5.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover American Eagle Outfitters.

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

Several analysts have issued reports on AEO shares. Cowen reissued a “buy” rating and set a $40.00 price target on shares of American Eagle Outfitters in a report on Friday, September 3rd. Morgan Stanley reaffirmed a “hold” rating and issued a $29.00 price objective on shares of American Eagle Outfitters in a research note on Friday, September 3rd. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $38.00 to $31.00 and set a “market perform” rating for the company in a research note on Friday, September 3rd. Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on American Eagle Outfitters from $43.00 to $45.00 and gave the stock a “buy” rating in a research note 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, the company has a consensus rating of “Buy” and a consensus target price of $33.65.

NYSE:AEO traded down $0.27 during mid-day trading on Wednesday, hitting $24.14. 3,157,741 shares of the company traded hands, compared to its average volume of 4,594,619. The stock’s fifty day moving average price is $28.97 and its 200-day moving average price is $32.61. American Eagle Outfitters has a one year low of $13.36 and a one year high of $38.99. The company has a quick ratio of 1.43, a current ratio of 2.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 17.69 and a beta of 1.43.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 8th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, October 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.98%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 360.00%.

In other news, EVP Andrew J. Mclean sold 16,282 shares of the stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of $34.31, for a total value of $558,635.42. Following the sale, the executive vice president now directly owns 69,464 shares in the company, valued at $2,383,309.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer M. Foyle sold 5,920 shares of the stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $35.00, for a total value of $207,200.00. Following the completion of the sale, the insider now owns 115,711 shares in the company, valued at $4,049,885. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,633 shares of company stock worth $1,305,920. Company insiders own 8.20% of the company’s stock.

A number of large investors have recently made changes to their positions in AEO. Patriot Financial Group Insurance Agency LLC bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $29,000. Captrust Financial Advisors boosted its position in American Eagle Outfitters by 261.4% during the 1st quarter. Captrust Financial Advisors now owns 1,066 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 771 shares in the last quarter. IFP Advisors Inc boosted its position in American Eagle Outfitters by 536.3% during the 2nd quarter. IFP Advisors Inc now owns 1,209 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 1,019 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in American Eagle Outfitters by 81.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,300 shares of the apparel retailer’s stock valued at $49,000 after acquiring an additional 582 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $53,000.

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.

Read More: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on American Eagle Outfitters (AEO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.