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American Eagle Outfitters (NYSE:AEO) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.17-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18, Stock Ratings Network reports.

American Eagle Outfitters (NYSE:AEO) opened at 11.59 on Wednesday. American Eagle Outfitters has a 1-year low of $10.12 and a 1-year high of $16.95. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $11.8. The company has a market cap of $2.253 billion and a price-to-earnings ratio of 36.52. American Eagle Outfitters also was the target of some unusual options trading activity on Monday. Stock traders bought 46,526 call options on the stock. This represents an increase of approximately 1,566% compared to the typical volume of 2,793 call options.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 20th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $689.95 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that American Eagle Outfitters will post $0.52 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on AEO shares. Analysts at Wunderlich initiated coverage on shares of American Eagle Outfitters in a research note on Tuesday, August 12th. They set a hold rating and a $11.00 price target on the stock. On a related note, analysts at FBR Capital Markets raised their price target on shares of American Eagle Outfitters from $11.49 to $17.00 in a research note on Friday, June 27th. They now have an outperform rating on the stock. Finally, analysts at Stephens initiated coverage on shares of American Eagle Outfitters in a research note on Friday, June 20th. They set an equal weight rating and a $12.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $13.96.

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.

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