American Eagle has been downgraded today from a former “buy” rating to “hold” by the research analysts of Needham. Shares of American Eagle closed down $13.52 at the end of trading.
American Eagle is slated to release their next earnings report on May 25, 2011 and is estimated to post EPS of 14 cents. Their last earnings report was released on March 9, 2011 and announced an EPS of 44 cents with revenue of 916 million which was down -4.2 % over the previous year. American Eagle is currently trading below its 50 & 200-day moving averages and 2011 is currently an up year for the company.
American Eagle Outfitters, Inc. (AEO) operates under the American Eagle®, aerie® by American Eagle®, and 77kids by american eagle® brands. The company has market capitalization of $2,552,000,000 and 194,860,000 shares outstanding. AEO has a 52-week high of $17.46 with the low being $11.35.
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