American Eagle Outfitters (AEO) Releases Q1 Earnings Guidance

American Eagle Outfitters (NYSE:AEO) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus estimate of $0.24. American Eagle Outfitters also updated its Q1 2019 guidance to $0.19-0.21 EPS.

A number of research firms have recently issued reports on AEO. Zacks Investment Research upgraded shares of American Eagle Outfitters from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Tuesday, February 12th. ValuEngine raised shares of American Eagle Outfitters from a hold rating to a buy rating in a report on Monday, February 4th. Jefferies Financial Group set a $28.00 price objective on shares of American Eagle Outfitters and gave the stock a buy rating in a report on Thursday. Deutsche Bank cut shares of American Eagle Outfitters from a buy rating to a hold rating in a report on Sunday, December 2nd. Finally, Wedbush set a $25.00 price objective on shares of American Eagle Outfitters and gave the stock a buy rating in a report on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. American Eagle Outfitters has a consensus rating of Buy and a consensus price target of $24.50.

American Eagle Outfitters stock opened at $21.24 on Friday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.20 and a beta of 0.82. American Eagle Outfitters has a 52 week low of $17.00 and a 52 week high of $29.88.

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 firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. American Eagle Outfitters had a net margin of 6.96% and a return on equity of 21.28%. American Eagle Outfitters’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Equities research analysts forecast that American Eagle Outfitters will post 1.63 earnings per share for the current year.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 14,984 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $18.26, for a total transaction of $273,607.84. Following the transaction, the executive vice president now owns 14,984 shares of the company’s stock, valued at approximately $273,607.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by company insiders.

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American Eagle Outfitters Company Profile

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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