Wall Street analysts expect American Eagle Outfitters (NYSE:AEO) to announce $1.03 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for American Eagle Outfitters’ earnings. The lowest sales estimate is $1.01 billion and the highest is $1.09 billion. American Eagle Outfitters reported sales of $960.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The business is expected to announce its next earnings report on Wednesday, December 5th.

On average, analysts expect that American Eagle Outfitters will report full year sales of $4.06 billion for the current financial year, with estimates ranging from $3.99 billion to $4.15 billion. For the next fiscal year, analysts expect that the company will report sales of $4.27 billion, with estimates ranging from $4.08 billion to $4.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for American Eagle Outfitters.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $964.85 million during the quarter, compared to analyst estimates of $937.98 million. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS.

AEO has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, July 23rd. Jefferies Financial Group set a $33.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, July 25th. ValuEngine lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Wedbush lowered shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Monday, August 27th. They noted that the move was a valuation call. Finally, UBS Group raised their price target on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.80.

In related news, insider Charles F. Kessler sold 10,000 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now directly owns 110,079 shares in the company, valued at approximately $3,082,212. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 16,993 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total transaction of $422,615.91. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in AEO. Gilder Gagnon Howe & Co. LLC purchased a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $87,588,000. BlackRock Inc. grew its stake in American Eagle Outfitters by 15.2% in the 2nd quarter. BlackRock Inc. now owns 21,201,648 shares of the apparel retailer’s stock valued at $492,940,000 after buying an additional 2,795,939 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $44,997,000. United Services Automobile Association boosted its holdings in American Eagle Outfitters by 1,258.8% in the 2nd quarter. United Services Automobile Association now owns 1,805,286 shares of the apparel retailer’s stock valued at $27,061,000 after purchasing an additional 1,672,429 shares during the period. Finally, Renaissance Technologies LLC bought a new position in American Eagle Outfitters in the 2nd quarter valued at $25,154,000. Institutional investors and hedge funds own 86.66% of the company’s stock.

Shares of AEO stock traded down $1.05 during trading hours on Friday, hitting $21.77. 4,244,842 shares of the company were exchanged, compared to its average volume of 4,269,252. American Eagle Outfitters has a 52-week low of $13.35 and a 52-week high of $29.88. The firm has a market cap of $4.01 billion, a P/E ratio of 18.77, a PEG ratio of 1.58 and a beta of 0.81.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were paid a $0.1375 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.55 dividend on an annualized basis and a yield of 2.53%. American Eagle Outfitters’s dividend payout ratio is 47.41%.

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 Outfitters 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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