Wall Street brokerages expect that American Eagle Outfitters (NYSE:AEO) will post sales of $1.20 billion for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for American Eagle Outfitters’ earnings. The highest sales estimate is $1.24 billion and the lowest is $1.16 billion. American Eagle Outfitters posted sales of $1.10 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that American Eagle Outfitters will report full year sales of $1.20 billion for the current fiscal year, with estimates ranging from $3.72 billion to $3.81 billion. For the next financial year, analysts expect that the firm will report sales of $3.83 billion per share, with estimates ranging from $3.74 billion to $3.89 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis.

A number of research analysts recently commented on AEO shares. SunTrust Banks reiterated a “buy” rating and issued a $15.00 price target on shares of American Eagle Outfitters in a research note on Monday, October 2nd. Cowen restated an “outperform” rating and set a $16.00 target price (up previously from $14.00) on shares of American Eagle Outfitters in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 10th. B. Riley restated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, November 1st. Finally, 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.79.

Shares of American Eagle Outfitters (NYSE AEO) traded down $0.06 on Friday, reaching $18.48. 1,489,070 shares of the company were exchanged, compared to its average volume of 4,257,798. American Eagle Outfitters has a twelve month low of $10.23 and a twelve month high of $19.48. The firm has a market cap of $3,280.00, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.88 and a beta of 1.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of American Eagle Outfitters by 9.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock worth $113,179,000 after acquiring an additional 693,993 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of American Eagle Outfitters by 16.4% during the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after acquiring an additional 940,045 shares in the last quarter. State Street Corp boosted its position in shares of American Eagle Outfitters by 4.5% during the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after acquiring an additional 258,845 shares in the last quarter. Northern Trust Corp boosted its position in shares of American Eagle Outfitters by 4.0% during the 2nd quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock worth $39,768,000 after acquiring an additional 128,068 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in shares of American Eagle Outfitters by 6.2% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 2,553,018 shares of the apparel retailer’s stock worth $47,997,000 after acquiring an additional 149,425 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

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About American Eagle Outfitters

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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