Zacks: Brokerages Anticipate American Eagle Outfitters (AEO) to Announce $0.44 Earnings Per Share

Wall Street brokerages expect American Eagle Outfitters (NYSE:AEO) to post earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for American Eagle Outfitters’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. American Eagle Outfitters reported earnings per share of $0.39 during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The firm is scheduled to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.21. For the next financial year, analysts forecast that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.05 to $1.30. Zacks’ EPS calculations are an average based on a survey of analysts that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS.

AEO has been the subject of a number of recent research reports. Oppenheimer set a $13.00 price objective on American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, August 23rd. SunTrust Banks set a $15.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, August 24th. Buckingham Research reiterated a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Cowen set a $14.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $13.00 price objective (up previously from $12.00) on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.33.

In other news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction 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 in the company, valued at $391,490.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of American Eagle Outfitters by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock worth $113,179,000 after acquiring an additional 693,993 shares during the period. LSV Asset Management grew its holdings in shares of American Eagle Outfitters by 1.1% in the second quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock worth $88,446,000 after acquiring an additional 76,600 shares during the period. Hamlin Capital Management LLC grew its holdings in shares of American Eagle Outfitters by 16.4% in the third quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after acquiring an additional 940,045 shares during the period. State Street Corp grew its holdings in shares of American Eagle Outfitters by 4.5% in the second quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after acquiring an additional 258,845 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of American Eagle Outfitters by 4.0% in the second quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock worth $39,768,000 after acquiring an additional 128,068 shares during the period. Hedge funds and other institutional investors own 83.20% of the company’s stock.

Shares of American Eagle Outfitters (NYSE AEO) traded up $0.44 during trading hours on Thursday, reaching $18.53. The company’s stock had a trading volume of 2,962,100 shares, compared to its average volume of 4,603,833. The stock has a market capitalization of $3,207.50, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $18.59.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio is currently 54.35%.

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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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Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

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