Q2 2020 Earnings Forecast for American Eagle Outfitters (AEO) Issued By B. Riley

American Eagle Outfitters (NYSE:AEO) – Equities researchers at B. Riley decreased their Q2 2020 earnings per share (EPS) estimates for shares of American Eagle Outfitters in a report released on Thursday, March 7th. B. Riley analyst S. Anderson now anticipates that the apparel retailer will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.35. B. Riley also issued estimates for American Eagle Outfitters’ Q3 2020 earnings at $0.54 EPS, Q4 2020 earnings at $0.51 EPS and FY2021 earnings at $1.75 EPS.

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AEO has been the subject of several other reports. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, December 13th. Jefferies Financial Group set a $28.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday. Wedbush set a $25.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, December 12th. Deutsche Bank set a $23.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, December 12th. Finally, Loop Capital set a $27.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. American Eagle Outfitters has an average rating of “Buy” and an average target price of $24.62.

American Eagle Outfitters stock opened at $20.18 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of 13.40, a PEG ratio of 1.20 and a beta of 0.82. American Eagle Outfitters has a one year low of $17.00 and a one year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 21.28% and a net margin of 6.96%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year.

In related news, EVP Andrew J. Mclean sold 14,984 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $18.26, for a total transaction of $273,607.84. Following the completion of the sale, the executive vice president now directly owns 14,984 shares of the company’s stock, valued at $273,607.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $273,000. Russell Investments Group Ltd. raised its stake in shares of American Eagle Outfitters by 53.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 124,976 shares of the apparel retailer’s stock valued at $3,103,000 after buying an additional 43,531 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $1,504,000. Arizona State Retirement System increased its position in shares of American Eagle Outfitters by 2.7% during the 3rd quarter. Arizona State Retirement System now owns 119,642 shares of the apparel retailer’s stock worth $2,971,000 after purchasing an additional 3,154 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in American Eagle Outfitters by 10.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 127,781 shares of the apparel retailer’s stock valued at $3,173,000 after acquiring an additional 11,859 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

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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