American Eagle Outfitters (AEO) Expected to Announce Quarterly Sales of $1.20 Billion

Brokerages forecast that American Eagle Outfitters (NYSE:AEO) will announce $1.20 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for American Eagle Outfitters’ earnings. The lowest sales estimate is $1.16 billion and the highest is $1.24 billion. American Eagle Outfitters reported sales of $1.10 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, March 8th.

According to Zacks, analysts expect that American Eagle Outfitters will report full year sales of $1.20 billion for the current year, with estimates ranging from $3.72 billion to $3.81 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.83 billion per share, with estimates ranging from $3.74 billion to $3.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share.

A number of brokerages recently commented on AEO. Buckingham Research upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday, January 11th. B. Riley lifted their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Wolfe Research upgraded shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a research report on Thursday, December 7th. Finally, ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $15.79.

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC purchased a new position in shares of American Eagle Outfitters in the second quarter valued at about $128,000. Cerebellum GP LLC purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $129,000. Shelton Capital Management purchased a new position in shares of American Eagle Outfitters in the second quarter valued at about $154,000. Cubist Systematic Strategies LLC purchased a new position in shares of American Eagle Outfitters in the third quarter valued at about $160,000. Finally, Lbmc Investment Advisors LLC purchased a new position in shares of American Eagle Outfitters in the third quarter valued at about $182,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.

American Eagle Outfitters (NYSE AEO) opened at $17.68 on Monday. The company has a market cap of $3,134.80, a price-to-earnings ratio of 15.93, a P/E/G ratio of 2.37 and a beta of 1.14. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48.

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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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