American Eagle Outfitters to Post Q1 2020 Earnings of $0.21 Per Share, B. Riley Forecasts (AEO)

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American Eagle Outfitters (NYSE:AEO) – Stock analysts at B. Riley decreased their Q1 2020 earnings estimates for American Eagle Outfitters in a research report issued to clients and investors on Friday, May 17th. B. Riley analyst S. Anderson now anticipates that the apparel retailer will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.24. B. Riley also issued estimates for American Eagle Outfitters’ FY2020 earnings at $1.60 EPS.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share.

A number of other analysts have also issued reports on AEO. ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, February 12th. Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada lowered American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Finally, Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.62.

AEO opened at $19.99 on Monday. The firm has a market capitalization of $3.44 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80. American Eagle Outfitters has a 12-month low of $17.00 and a 12-month high of $29.88.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in shares of American Eagle Outfitters by 9.8% during the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock worth $425,035,000 after acquiring an additional 1,521,279 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Eagle Outfitters by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 7,664,664 shares of the apparel retailer’s stock worth $169,924,000 after acquiring an additional 136,378 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of American Eagle Outfitters by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,925,356 shares of the apparel retailer’s stock worth $95,206,000 after acquiring an additional 71,185 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of American Eagle Outfitters by 12.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,651,770 shares of the apparel retailer’s stock worth $80,960,000 after acquiring an additional 410,032 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of American Eagle Outfitters by 5.0% during the first quarter. Northern Trust Corp now owns 3,322,602 shares of the apparel retailer’s stock worth $73,663,000 after acquiring an additional 157,561 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

In related news, insider Charles F. Kessler sold 3,573 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the sale, the insider now directly owns 132,618 shares in the company, valued at $3,050,214. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Andrew J. Mclean sold 15,196 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $315,317.00. Following the sale, the executive vice president now owns 30,180 shares of the company’s stock, valued at $626,235. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,820 shares of company stock valued at $3,151,706. 6.30% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.1375 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.55 annualized dividend and a dividend yield of 2.75%. American Eagle Outfitters’s dividend payout ratio is 37.16%.

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 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.

Further Reading: What is Net Asset Value (NAV)?

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

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