Q4 2020 Earnings Forecast for American Eagle Outfitters (NYSE:AEO) Issued By B. Riley

American Eagle Outfitters (NYSE:AEO) – Research analysts at B. Riley lowered their Q4 2020 earnings estimates for American Eagle Outfitters in a report released on Thursday, November 7th. B. Riley analyst S. Anderson now forecasts that the apparel retailer will earn $0.49 per share for the quarter, down from their prior estimate of $0.50. B. Riley has a “Buy” rating and a $23.00 price target on the stock. B. Riley also issued estimates for American Eagle Outfitters’ Q2 2021 earnings at $0.35 EPS, Q3 2021 earnings at $0.52 EPS and Q4 2021 earnings at $0.48 EPS.

Several other brokerages have also weighed in on AEO. Loop Capital lowered their target price on shares of American Eagle Outfitters to $20.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Deutsche Bank set a $23.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Friday, August 16th. Cowen increased their target price on shares of American Eagle Outfitters from $17.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. DA Davidson assumed coverage on shares of American Eagle Outfitters in a research note on Tuesday, September 17th. They set a “buy” rating and a $21.00 target price for the company. Finally, Jefferies Financial Group set a $22.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $21.27.

American Eagle Outfitters stock traded down $0.31 during midday trading on Friday, hitting $16.29. 3,698,570 shares of the stock were exchanged, compared to its average volume of 4,293,278. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.70 and a beta of 0.88. The stock’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $17.50. American Eagle Outfitters has a fifty-two week low of $13.66 and a fifty-two week high of $24.30.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, September 4th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. American Eagle Outfitters had a net margin of 6.40% and a return on equity of 21.47%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $0.34 earnings per share. American Eagle Outfitters’s revenue was up 7.9% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.

Several hedge funds and other institutional investors have recently bought and sold shares of AEO. Renaissance Technologies LLC boosted its stake in shares of American Eagle Outfitters by 59.4% in the second quarter. Renaissance Technologies LLC now owns 4,462,954 shares of the apparel retailer’s stock valued at $75,424,000 after purchasing an additional 1,663,000 shares during the period. Scout Investments Inc. boosted its stake in shares of American Eagle Outfitters by 110.3% in the third quarter. Scout Investments Inc. now owns 2,113,980 shares of the apparel retailer’s stock valued at $34,289,000 after purchasing an additional 1,108,674 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of American Eagle Outfitters by 1,055.8% in the second quarter. Nuveen Asset Management LLC now owns 1,147,496 shares of the apparel retailer’s stock valued at $19,393,000 after purchasing an additional 1,048,212 shares during the period. Wells Fargo & Company MN boosted its stake in shares of American Eagle Outfitters by 309.8% in the second quarter. Wells Fargo & Company MN now owns 1,282,362 shares of the apparel retailer’s stock valued at $21,673,000 after purchasing an additional 969,442 shares during the period. Finally, FMR LLC boosted its stake in shares of American Eagle Outfitters by 80.5% in the first quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock valued at $47,726,000 after purchasing an additional 960,273 shares during the period. 93.02% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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