American Eagle Outfitters (AEO) Expected to Post Quarterly Sales of $937.12 Million

Equities analysts expect American Eagle Outfitters (NYSE:AEO) to announce $937.12 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for American Eagle Outfitters’ earnings, with estimates ranging from $906.36 million to $954.93 million. American Eagle Outfitters posted sales of $844.56 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is scheduled to issue its next earnings results on Wednesday, August 22nd.

On average, analysts expect that American Eagle Outfitters will report full year sales of $3.96 billion for the current financial year, with estimates ranging from $3.87 billion to $4.04 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.12 billion per share, with estimates ranging from $3.94 billion to $4.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, May 31st. The apparel retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. American Eagle Outfitters had a return on equity of 18.65% and a net margin of 5.67%. The business had revenue of $823.00 million for the quarter, compared to the consensus estimate of $811.46 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 8.0% compared to the same quarter last year.

A number of research analysts have commented on AEO shares. Morgan Stanley boosted their target price on American Eagle Outfitters from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Friday, June 1st. Jefferies Financial Group restated a “buy” rating and issued a $24.00 target price on shares of American Eagle Outfitters in a research note on Friday, February 23rd. ValuEngine upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Bank of America boosted their target price on American Eagle Outfitters from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.56.

In other news, COO Michael R. Rempell sold 9,467 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $20.10, for a total transaction of $190,286.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles F. Kessler sold 17,900 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $22.00, for a total value of $393,800.00. Following the sale, the insider now owns 26,031 shares of the company’s stock, valued at approximately $572,682. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,777,675 shares of company stock valued at $65,687,457. 6.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $11,076,000. Quadrature Capital Ltd acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $2,918,000. Schwab Charles Investment Management Inc. lifted its position in shares of American Eagle Outfitters by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,303,576 shares of the apparel retailer’s stock worth $24,508,000 after purchasing an additional 49,226 shares during the last quarter. Maverick Capital Ltd. lifted its position in shares of American Eagle Outfitters by 604.3% during the 4th quarter. Maverick Capital Ltd. now owns 906,132 shares of the apparel retailer’s stock worth $17,035,000 after purchasing an additional 777,472 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of American Eagle Outfitters by 50.2% during the 4th quarter. Alliancebernstein L.P. now owns 375,833 shares of the apparel retailer’s stock worth $7,066,000 after purchasing an additional 125,630 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

Shares of American Eagle Outfitters traded down $0.42, reaching $23.79, on Monday, Marketbeat.com reports. 345,426 shares of the company’s stock traded hands, compared to its average volume of 4,361,645. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $24.83. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.34 and a beta of 1.04.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be paid a dividend of $0.1375 per share. The ex-dividend date is Thursday, July 12th. This represents a $0.55 annualized dividend and a dividend yield of 2.31%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

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 Outfitters 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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