American Eagle Outfitters (NYSE:AEO) Updates Q4 Earnings Guidance

American Eagle Outfitters (NYSE:AEO) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.34-0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46.

AEO stock opened at $14.84 on Friday. American Eagle Outfitters has a 52 week low of $13.66 and a 52 week high of $24.30. The company has a quick ratio of 0.64, a current ratio of 1.33 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $15.58 and a two-hundred day simple moving average of $16.42. The firm has a market capitalization of $2.39 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 11th. The apparel retailer reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. American Eagle Outfitters had a net margin of 6.20% and a return on equity of 21.25%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned $0.48 earnings per share. American Eagle Outfitters’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that American Eagle Outfitters will post 1.59 EPS for the current year.

AEO has been the subject of several research reports. Loop Capital lowered shares of American Eagle Outfitters from a buy rating to a hold rating and lowered their price objective for the company from $20.00 to $15.00 in a research report on Monday, November 25th. B. Riley reiterated a buy rating and set a $21.00 price objective on shares of American Eagle Outfitters in a research report on Thursday. Barclays initiated coverage on shares of American Eagle Outfitters in a research note on Tuesday, November 12th. They issued an equal weight rating and a $17.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of American Eagle Outfitters from $18.00 to $16.00 and set a sector perform rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. set a $16.00 target price on shares of American Eagle Outfitters and gave the company a hold rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $19.64.

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.

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

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