Zacks: Analysts Anticipate American Eagle Outfitters (AEO) Will Post Earnings of $0.22 Per Share

Brokerages predict that American Eagle Outfitters (NYSE:AEO) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks reports. Six analysts have made estimates for American Eagle Outfitters’ earnings, with estimates ranging from $0.20 to $0.23. American Eagle Outfitters reported earnings per share of $0.16 in the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The firm is expected to announce its next earnings report on Wednesday, May 16th.

According to Zacks, analysts expect that American Eagle Outfitters will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.55. For the next year, analysts anticipate that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.35 to $1.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover American Eagle Outfitters.

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American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year.

A number of brokerages have recently commented on AEO. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Loop Capital began coverage on shares of American Eagle Outfitters in a research note on Thursday, March 22nd. They issued a “buy” rating and a $25.00 target price on the stock. Bank of America raised their target price on shares of American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Finally, Buckingham Research set a $23.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.37.

In other news, insider Jennifer M. Foyle sold 22,000 shares of American Eagle Outfitters stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total value of $433,180.00. Following the completion of the transaction, the insider now directly owns 49,791 shares of the company’s stock, valued at approximately $980,384.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $20.10, for a total transaction of $190,286.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,467 shares of company stock valued at $1,225,867. 5.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $129,000. Advisor Group Inc. boosted its holdings in shares of American Eagle Outfitters by 291.6% in the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock valued at $137,000 after buying an additional 5,404 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $189,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $202,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $207,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Shares of AEO stock opened at $21.25 on Friday. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $21.35. The firm has a market capitalization of $3,714.60, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.1375 per share. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

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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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