American Eagle Outfitters (AEO) Expected to Post Quarterly Sales of $1.20 Billion

Equities research analysts expect American Eagle Outfitters (NYSE:AEO) to post $1.20 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for American Eagle Outfitters’ earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.24 billion. American Eagle Outfitters reported sales of $1.10 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected to announce its next earnings report before the market opens on Thursday, March 8th.

On average, analysts expect that American Eagle Outfitters will report full-year sales of $1.20 billion for the current fiscal year, with estimates ranging from $3.72 billion to $3.81 billion. For the next year, analysts anticipate that the business will post sales of $3.83 billion per share, with estimates ranging from $3.74 billion to $3.89 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for American Eagle Outfitters.

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

Several research firms have recently issued reports on AEO. B. Riley reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. SunTrust Banks restated a “buy” rating on shares of American Eagle Outfitters in a research note on Friday, February 2nd. Cowen set a $20.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, January 18th. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Telsey Advisory Group increased their target price on American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Two 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 stock currently has a consensus rating of “Hold” and an average price target of $15.79.

Shares of American Eagle Outfitters (NYSE:AEO) opened at $17.68 on Monday. The stock has a market capitalization of $3,134.80, a PE ratio of 15.93, a PEG ratio of 2.37 and a beta of 1.14. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.48.

Institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC acquired a new position in American Eagle Outfitters in the 4th quarter valued at approximately $129,000. Sterling Capital Management LLC acquired a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $128,000. Emerald Advisers Inc. PA acquired a new position in American Eagle Outfitters in the 4th quarter valued at approximately $207,000. Cubist Systematic Strategies LLC acquired a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Eagle Outfitters by 35.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock valued at $217,000 after acquiring an additional 2,993 shares in the last quarter. 83.21% of the stock is owned by hedge funds and other institutional investors.

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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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