Brokerages predict that American Eagle Outfitters (NYSE:AEO) will announce earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for American Eagle Outfitters’ earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. American Eagle Outfitters reported earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The business is expected to announce its next earnings results before the market opens on Wednesday, December 6th.
On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.08 to $1.16. For the next fiscal year, analysts anticipate that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.00 to $1.25. Zacks’ EPS averages are a mean average based on a survey of research firms that cover American Eagle Outfitters.
Several research firms recently issued reports on AEO. SunTrust Banks reissued a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a research report on Monday, October 2nd. Cowen reissued an “outperform” rating and issued a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a research report on Monday, October 2nd. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 10th. Wolfe Research raised shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.31.
In related news, insider Jennifer M. Foyle sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now owns 27,531 shares in the company, valued at $391,490.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AEO. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $128,000. CIBC World Markets Inc. raised its stake in shares of American Eagle Outfitters by 0.6% during the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares during the period. Riverhead Capital Management LLC raised its stake in shares of American Eagle Outfitters by 91.1% during the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 5,282 shares during the period. Finally, Shelton Capital Management purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $154,000. Institutional investors own 83.05% of the company’s stock.
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About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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