American Eagle Outfitters (AEO) Releases Quarterly Earnings Results
American Eagle Outfitters (NYSE:AEO) posted its quarterly earnings data on Wednesday. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02), Bloomberg Earnings reports. The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. American Eagle Outfitters updated its Q4 guidance to $0.42-0.44 EPS.
Shares of American Eagle Outfitters (NYSE:AEO) traded up $0.39 during midday trading on Thursday, hitting $16.50. The stock had a trading volume of 11,638,200 shares, compared to its average volume of 4,528,117. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $18.49. The stock has a market cap of $2,852.26, a PE ratio of 14.01, a PEG ratio of 1.63 and a beta of 1.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. American Eagle Outfitters’s payout ratio is 51.55%.
In other news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the transaction, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.80% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “American Eagle Outfitters (AEO) Releases Quarterly Earnings Results” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/07/american-eagle-outfitters-aeo-releases-quarterly-earnings-results.html.
American Eagle Outfitters Company Profile
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.
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.