American Eagle Outfitters (AEO) Expected to Post Quarterly Sales of $805.17 Million

Wall Street analysts expect American Eagle Outfitters (NYSE:AEO) to post $805.17 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings, with the highest sales estimate coming in at $817.20 million and the lowest estimate coming in at $797.03 million. American Eagle Outfitters posted sales of $761.84 million in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The firm is scheduled to issue its next earnings report on Wednesday, May 16th.

According to Zacks, analysts expect that American Eagle Outfitters will report full-year sales of $805.17 million for the current financial year, with estimates ranging from $3.85 billion to $4.02 billion. For the next year, analysts anticipate that the company will post sales of $4.03 billion per share, with estimates ranging from $3.91 billion to $4.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research 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, hitting the consensus estimate of $0.44. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS.

A number of research analysts recently issued reports on the company. Buckingham Research set a $23.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research report on Friday, March 9th. Loop Capital assumed coverage on American Eagle Outfitters in a research report on Thursday, March 22nd. They set a “buy” rating and a $25.00 price objective for the company. SunTrust Banks restated a “buy” rating and set a $21.00 price objective on shares of American Eagle Outfitters in a research report on Tuesday, January 9th. Royal Bank of Canada set a $22.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, Citigroup boosted their price objective on American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, March 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.37.

In other news, insider Jennifer M. Foyle sold 22,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total value of $433,180.00. Following the sale, the insider now 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 can be accessed through this link. Also, COO Michael R. Rempell sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $20.24, for a total value of $303,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,467 shares of company stock valued at $1,225,867 in the last quarter. 5.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth $129,000. Advisor Group Inc. raised its stake 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 worth $137,000 after buying an additional 5,404 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth $160,000. Sequoia Financial Advisors LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth $189,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth $202,000. 86.07% of the stock is currently owned by institutional investors.

NYSE:AEO traded down $0.21 during midday trading on Tuesday, reaching $21.04. 4,833,831 shares of the company traded hands, compared to its average volume of 4,027,013. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $21.35. The firm has a market capitalization of $3,730.56, a P/E ratio of 18.14, a P/E/G ratio of 2.03 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, April 12th. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s payout ratio is 43.10%.

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About American Eagle Outfitters

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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