Aeropostale Inc (ARO) Releases Q3 Earnings Guidance
Aeropostale Inc (NYSE:ARO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.44)-(0.48) for the period, compared to the Thomson Reuters consensus estimate of ($0.35), Stock Ratings News reports.
Shares of Aeropostale Inc (NYSE:ARO) remained flat at $3.91 during during mid-day trading trading on Thursday. The stock had a trading volume of 5,477,194 shares. Aeropostale Inc has a 52 week low of $3.10 and a 52 week high of $11.40. The stock has a 50-day moving average of $3.31 and a 200-day moving average of $4.64. The company’s market cap is $307.5 million.
Aeropostale (NYSE:ARO) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.13. The company had revenue of $396.20 million for the quarter, compared to the consensus estimate of $392.61 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that Aeropostale Inc will post $-1.68 earnings per share for the current fiscal year.
ARO has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a positive rating on shares of Aeropostale in a research note on Tuesday. On a related note, analysts at Wunderlich initiated coverage on shares of Aeropostale in a research note on Tuesday, August 12th. They set a hold rating and a $3.50 price target on the stock. Finally, analysts at Nomura reiterated a neutral rating on shares of Aeropostale in a research note on Friday, August 8th. They now have a $3.00 price target on the stock, down previously from $5.00. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $6.16.
Aeropostale, Inc, (NYSE:ARO) is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.
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