Jefferies Group Weighs in on American Eagle Outfitters’ FY2018 Earnings (NYSE:AEO)

American Eagle Outfitters (NYSE:AEO) – Investment analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of American Eagle Outfitters in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Stichter now forecasts that the apparel retailer will post earnings per share of $1.17 for the year, up from their prior forecast of $1.16. Jefferies Group also issued estimates for American Eagle Outfitters’ FY2019 earnings at $1.31 EPS.

A number of other analysts have also issued reports on the company. ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Thursday, November 9th. Wolfe Research upgraded American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. SunTrust Banks restated a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a report on Thursday, December 7th. Finally, Cowen restated an “outperform” rating and issued a $19.00 target price (up previously from $16.00) on shares of American Eagle Outfitters in a report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.74.

American Eagle Outfitters (NYSE:AEO) traded down $0.90 on Wednesday, hitting $17.44. The stock had a trading volume of 4,753,600 shares, compared to its average volume of 5,766,920. The stock has a market capitalization of $3,150.00, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.10 and a beta of 1.18. American Eagle Outfitters has a one year low of $10.23 and a one year high of $19.48.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share 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 period in the prior year, the business earned $0.41 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio is currently 54.95%.

Several large investors have recently modified their holdings of AEO. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Eagle Outfitters by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in American Eagle Outfitters during the second quarter worth about $128,000. CIBC World Markets Inc. grew its position in American Eagle Outfitters by 0.6% during the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after buying an additional 63 shares in the last quarter. Riverhead Capital Management LLC grew its position in American Eagle Outfitters by 91.1% during the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after buying an additional 5,282 shares in the last quarter. Finally, Shelton Capital Management acquired a new stake in American Eagle Outfitters during the second quarter worth about $154,000. 83.24% of the stock is currently owned by institutional investors.

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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.

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

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