Brokers expect American Eagle Outfitters, Inc. (NYSE:AEO) to post quarterly sales of $1.14 billion

Wall Street brokers expect American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) to report sales of $1.14 billion for the current quarter, Zacks reports. Six analysts provided earnings estimates for American Eagle Outfitters, with the lowest sales estimate of $1.09 billion and the highest estimate of $1.15 billion. American Eagle Outfitters reported sales of $1.03 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 10.7%. The company is expected to release its next results on Wednesday, May 25.

On average, analysts expect American Eagle Outfitters to post annual sales of $5.70 billion for the current fiscal year, with estimates ranging from $5.64 billion to $5.76 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $5.95 billion, with estimates ranging from $5.84 billion to $6.23 billion. Zacks Investment Research sales calculations are an average average based on a survey of research companies that track American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO – Get Rating) last reported quarterly results on Wednesday, March 2. The apparel retailer reported EPS of $0.35 for the quarter, matching the Zacks consensus estimate of $0.35. The company posted revenue of $1.51 billion for the quarter, versus $1.51 billion for analysts. American Eagle Outfitters had a net margin of 8.37% and a return on equity of 34.33%. American Eagle Outfitters’ revenues increased 16.7% compared to the same quarter last year. During the same period of the previous year, the company posted EPS of $0.39.

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AEO has been the subject of a number of recent research reports. Bank of America lowered its price target on shares of American Eagle Outfitters from $28.00 to $24.00 and set a “neutral” rating on the stock in a Thursday, March 3 research note. Jefferies Financial Group lowered its price target on shares of American Eagle Outfitters from $42.00 to $35.00 and set a “buy” rating on the stock in a Thursday, March 3 research note. Telsey Advisory Group lowered its price target on shares of American Eagle Outfitters from $31.00 to $25.00 and set a “market performance” rating on the stock in a Thursday research note 3 March. Morgan Stanley lowered its price target on shares of American Eagle Outfitters from $29.00 to $22.00 and set an “equal weight” rating on the stock in a Monday, March 7 research note. Finally, Cowen raised his price target on American Eagle Outfitters stock from $31.00 to $40.00 and gave the stock an “outperform” rating in a Wednesday, Jan. 12, research note. One equity research analyst has assigned the stock a sell rating, seven have issued a hold rating and eight have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.07.

AEO shares opened at $17.46 on Monday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 8.60, a PEG ratio of 0.79 and a beta of 1.39. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt ratio of 0.24. The company’s 50-day moving average is $22.06 and its 200-day moving average is $24.68. American Eagle Outfitters has a 12 month minimum of $16.50 and a 12 month maximum of $38.99.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 24. Shareholders of record on Friday, March 11 will receive a dividend of $0.18. This represents a dividend of $0.72 on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, March 10. American Eagle Outfitters payout ratio is 35.47%.

In other American Eagle Outfitters news, Director Steven A. Davis purchased 5,500 shares of American Eagle Outfitters in a trade that took place on Tuesday, March 8. The shares were purchased at an average price of $18.12 per share, with a total value of $99,660.00. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Executive Vice President Michael R. Rempell sold 64,011 shares in a trade on Monday, Jan. 3. The shares were sold at an average price of $25.43, for a total transaction of $1,627,799.73. The disclosure of this sale can be found here. 8.20% of the shares are held by company insiders.

Several hedge funds have recently increased or reduced their holdings in the stock. Norges Bank bought a new stock position in American Eagle Outfitters during Q4, valued at $38,469,000. First Capital Advisors Group LLC. bought a new stake in American Eagle Outfitters in Q4 worth $328,000. Cornerstone Advisory LLC bought a new stake in American Eagle Outfitters in Q4 for $26,000. SkyView Investment Advisors LLC bought a new stake in American Eagle Outfitters in Q4 worth $328,000. Finally, Comerica Bank increased its stake in American Eagle Outfitters by 16.2% in the 4th quarter. Comerica Bank now owns 136,085 shares of the clothing retailer worth $3,218,000 after acquiring an additional 18,965 shares in the last quarter.

About American Eagle Outfitters (Get an assessment)

American Eagle Outfitters, Inc. is a multi-brand specialty retailer, offering an assortment of men’s and women’s apparel and accessories under the American Eagle Outfitters brand, as well as women’s underwear, apparel and personal care products under the Aerie brand. The company 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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