Zacks: Analysts Expect American Eagle Outfitters (AEO) Will Post Quarterly Sales of $854.25 Million

Analysts forecast that American Eagle Outfitters (NYSE:AEO) will report $854.25 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for American Eagle Outfitters’ earnings, with estimates ranging from $849.86 million to $856.76 million. American Eagle Outfitters reported sales of $822.96 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The company is scheduled to announce its next earnings report on Thursday, May 30th.

On average, analysts expect that American Eagle Outfitters will report full year sales of $4.27 billion for the current fiscal year, with estimates ranging from $4.14 billion to $4.37 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.52 billion, with estimates ranging from $4.22 billion to $4.68 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS.

AEO has been the subject of several research reports. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, February 12th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.62.

In related news, insider Charles F. Kessler sold 3,573 shares of American Eagle Outfitters stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the sale, the insider now directly owns 132,618 shares of the company’s stock, valued at $3,050,214. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Mclean sold 15,196 shares of American Eagle Outfitters stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $315,317.00. Following the sale, the executive vice president now directly owns 30,180 shares of the company’s stock, valued at $626,235. The disclosure for this sale can be found here. 6.30% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in AEO. Vanguard Group Inc grew its stake in American Eagle Outfitters by 9.8% in the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after acquiring an additional 1,521,279 shares during the period. Vanguard Group Inc. grew its stake in American Eagle Outfitters by 9.8% in the third quarter. Vanguard Group Inc. now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after acquiring an additional 1,521,279 shares during the period. Bank of New York Mellon Corp grew its stake in American Eagle Outfitters by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,925,356 shares of the apparel retailer’s stock valued at $95,206,000 after acquiring an additional 71,185 shares during the period. JPMorgan Chase & Co. grew its stake in American Eagle Outfitters by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 3,180,333 shares of the apparel retailer’s stock valued at $78,968,000 after acquiring an additional 125,615 shares during the period. Finally, Northern Trust Corp grew its stake in American Eagle Outfitters by 3.8% in the fourth quarter. Northern Trust Corp now owns 3,165,041 shares of the apparel retailer’s stock valued at $61,179,000 after acquiring an additional 117,297 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

NYSE AEO opened at $24.12 on Monday. The firm has a market capitalization of $4.15 billion, a PE ratio of 16.30, a PEG ratio of 2.12 and a beta of 0.80. American Eagle Outfitters has a 52 week low of $17.00 and a 52 week high of $29.88.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.1375 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.28%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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.

Read More: What is Cost of Goods Sold (COGS)?

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

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