FY2019 EPS Estimates for American Eagle Outfitters Raised by SunTrust Banks (AEO)

American Eagle Outfitters (NYSE:AEO) – Investment analysts at SunTrust Banks increased their FY2019 EPS estimates for shares of American Eagle Outfitters in a report issued on Friday. SunTrust Banks analyst P. Quintiliano now anticipates that the apparel retailer will earn $1.40 per share for the year, up from their previous forecast of $1.31. SunTrust Banks currently has a “Buy” rating on the stock.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $960.86 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.

A number of other analysts have also recently issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, November 1st. Cowen set a $20.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, January 18th. Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, January 11th. Telsey Advisory Group raised their price objective on American Eagle Outfitters from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Finally, Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.79.

American Eagle Outfitters (NYSE AEO) opened at $17.56 on Monday. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48. The company has a market capitalization of $3,113.53, a P/E ratio of 19.09, a P/E/G ratio of 2.36 and a beta of 1.14.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC bought a new position in shares of American Eagle Outfitters during the second quarter worth approximately $128,000. Cerebellum GP LLC bought a new position in American Eagle Outfitters during the 4th quarter worth $129,000. Shelton Capital Management bought a new position in American Eagle Outfitters during the 2nd quarter worth $154,000. Cubist Systematic Strategies LLC bought a new position in American Eagle Outfitters during the 3rd quarter worth $160,000. Finally, Lbmc Investment Advisors LLC bought a new position in American Eagle Outfitters during the 3rd quarter worth $182,000. Institutional investors own 83.14% of the company’s stock.

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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.

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

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