Wall Street brokerages predict that American Eagle Outfitters (NYSE:AEO) will report $0.39 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. American Eagle Outfitters posted earnings per share of $0.41 in the same quarter last year, which suggests a negative year over year growth rate of 4.9%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, December 6th.
On average, analysts expect that American Eagle Outfitters will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.16. For the next year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.00 to $1.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover American Eagle Outfitters.
Several research analysts have issued reports on AEO shares. BMO Capital Markets reissued a “buy” rating and set a $15.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, September 13th. Cowen set a $14.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. SunTrust Banks set a $15.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, August 24th. FBR & Co restated a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of American Eagle Outfitters in a research note on Tuesday, September 5th. Finally, ValuEngine cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $14.31.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 period. Sterling Capital Management LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at about $128,000. CIBC World Markets Inc. lifted its stake in shares of American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of American Eagle Outfitters by 91.1% in the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 5,282 shares during the period. Finally, Shelton Capital Management acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at about $154,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.
Shares of American Eagle Outfitters (NYSE:AEO) traded down $0.19 during trading on Friday, reaching $16.11. 7,312,600 shares of the company’s stock traded hands, compared to its average volume of 4,497,722. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $18.49. The stock has a market cap of $2,885.90, a P/E ratio of 14.17, a P/E/G ratio of 1.65 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.10%. American Eagle Outfitters’s dividend payout ratio (DPR) is 51.55%.
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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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