American Eagle Outfitters (AEO) Issues Q1 Earnings Guidance

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American Eagle Outfitters (NYSE:AEO) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.24. American Eagle Outfitters also updated its Q1 2019 guidance to $0.19-0.21 EPS.

NYSE:AEO traded up $0.89 on Wednesday, reaching $21.32. The company’s stock had a trading volume of 9,993,680 shares, compared to its average volume of 3,662,426. American Eagle Outfitters has a 1-year low of $17.00 and a 1-year high of $29.88. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.20 and a beta of 0.82.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 21.28% and a net margin of 6.96%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that American Eagle Outfitters will post 1.47 earnings per share for the current year.

A number of research analysts have issued reports on AEO shares. ValuEngine cut American Eagle Outfitters from a buy rating to a hold rating in a research note on Friday, November 16th. Deutsche Bank cut American Eagle Outfitters from a buy rating to a hold rating in a research report on Sunday, December 2nd. Telsey Advisory Group reaffirmed an outperform rating and set a $24.00 price objective (down from $32.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 12th. Royal Bank of Canada set a $24.00 price objective on American Eagle Outfitters and gave the stock a buy rating in a research report on Wednesday, December 12th. Finally, Wolfe Research reaffirmed a peer perform rating and set a $22.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. American Eagle Outfitters currently has a consensus rating of Buy and an average price target of $24.86.

In related news, EVP Andrew J. Mclean sold 14,984 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $18.26, for a total transaction of $273,607.84. Following the completion of the transaction, the executive vice president now directly owns 14,984 shares of the company’s stock, valued at $273,607.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by corporate insiders.

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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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