American Eagle Outfitters, Inc. (AEO) Posts Earnings Results, Beats Expectations By $0.03 EPS
American Eagle Outfitters, Inc. (NYSE:AEO) announced its quarterly earnings data on Wednesday. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03, Bloomberg Earnings reports. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company had revenue of $845 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. American Eagle Outfitters updated its Q3 guidance to 0.36-0.38 EPS.
American Eagle Outfitters (NYSE AEO) opened at 12.20 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 11.29 and a beta of 1.09. The company has a 50 day moving average of $11.62 and a 200 day moving average of $12.91. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.02.
AEO has been the subject of several analyst reports. B. Riley reissued a “neutral” rating and set a $12.50 price target on shares of American Eagle Outfitters in a research report on Thursday, May 18th. Cowen and Company set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Wednesday. SunTrust Banks, Inc. reissued a “buy” rating and set a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Royal Bank Of Canada set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Morgan Stanley reissued an “underweight” rating and set a $10.00 price target (down previously from $13.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.75.
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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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