Brokerages Expect American Eagle Outfitters (NYSE:AEO) Will Announce Earnings of $0.48 Per Share

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Equities analysts expect that American Eagle Outfitters (NYSE:AEO) will post $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for American Eagle Outfitters’ earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. American Eagle Outfitters also posted earnings per share of $0.48 during the same quarter last year. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, December 11th.

On average, analysts expect that American Eagle Outfitters will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.62. For the next year, analysts forecast that the company will report earnings of $1.63 per share, with EPS estimates ranging from $1.40 to $1.76. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for American Eagle Outfitters.

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

Several brokerages have recently commented on AEO. JPMorgan Chase & Co. set a $16.00 target price on American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, September 4th. Loop Capital downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $15.00 in a research note on Monday, November 25th. Cowen lifted their price target on American Eagle Outfitters from $17.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Citigroup downgraded American Eagle Outfitters from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $17.00 in a research note on Monday, October 28th. Finally, ValuEngine downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $20.69.

Large investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in American Eagle Outfitters by 20.1% in the 2nd quarter. Invesco Ltd. now owns 1,353,236 shares of the apparel retailer’s stock valued at $22,870,000 after buying an additional 226,450 shares in the last quarter. AMP Capital Investors Ltd grew its stake in American Eagle Outfitters by 73.2% in the 2nd quarter. AMP Capital Investors Ltd now owns 40,000 shares of the apparel retailer’s stock valued at $680,000 after buying an additional 16,900 shares in the last quarter. Kempen Capital Management N.V. grew its stake in American Eagle Outfitters by 159.6% in the 2nd quarter. Kempen Capital Management N.V. now owns 545,024 shares of the apparel retailer’s stock valued at $9,211,000 after buying an additional 335,054 shares in the last quarter. Foundry Partners LLC purchased a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $414,000. Finally, Premier Fund Managers Ltd grew its stake in American Eagle Outfitters by 8.6% in the 2nd quarter. Premier Fund Managers Ltd now owns 260,089 shares of the apparel retailer’s stock valued at $4,423,000 after buying an additional 20,502 shares in the last quarter. 90.97% of the stock is currently owned by institutional investors.

NYSE:AEO traded down $0.03 during trading hours on Tuesday, hitting $14.97. 1,957,917 shares of the company were exchanged, compared to its average volume of 3,684,596. 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 company has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $16.73. American Eagle Outfitters has a one year low of $13.66 and a one year high of $24.30. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

About American Eagle Outfitters

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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