American Eagle Outfitters, Inc. to Post FY2022 Earnings of $2.37 Per Share, Jefferies Financial Group Forecasts (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEO) – Equities research analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for shares of American Eagle Outfitters in a report issued on Tuesday, November 23rd. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel retailer will earn $2.37 per share for the year, up from their prior forecast of $2.26. Jefferies Financial Group also issued estimates for American Eagle Outfitters’ Q4 2022 earnings at $0.53 EPS and FY2023 earnings at $2.68 EPS.

AEO has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of American Eagle Outfitters from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 3rd. Cfra cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating and reduced their target price for the company from $37.00 to $28.00 in a report on Thursday, September 9th. Morgan Stanley reissued a “hold” rating and set a $29.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Cowen reissued a “buy” rating and set a $40.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Finally, Wedbush lowered shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Buy” and a consensus price target of $37.00.

Shares of AEO opened at $28.19 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. American Eagle Outfitters has a 12-month low of $17.52 and a 12-month high of $38.99. The firm has a 50-day moving average price of $26.01 and a 200 day moving average price of $30.94. The firm has a market capitalization of $4.75 billion, a P/E ratio of 20.43 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Tuesday, November 23rd. The apparel retailer reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.15. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. American Eagle Outfitters had a net margin of 6.12% and a return on equity of 31.70%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 2.55%. American Eagle Outfitters’s payout ratio is 52.17%.

Hedge funds have recently made changes to their positions in the stock. GQG Partners LLC acquired a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $71,878,000. Atreides Management LP raised its stake in shares of American Eagle Outfitters by 23.4% during the 2nd quarter. Atreides Management LP now owns 8,383,173 shares of the apparel retailer’s stock worth $314,620,000 after purchasing an additional 1,590,642 shares in the last quarter. Axiom Investors LLC DE raised its stake in shares of American Eagle Outfitters by 507.4% during the 2nd quarter. Axiom Investors LLC DE now owns 1,760,190 shares of the apparel retailer’s stock worth $66,060,000 after purchasing an additional 1,470,420 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of American Eagle Outfitters by 22.1% during the 3rd quarter. Cooke & Bieler LP now owns 5,463,770 shares of the apparel retailer’s stock worth $140,965,000 after purchasing an additional 988,700 shares in the last quarter. Finally, FMR LLC raised its stake in shares of American Eagle Outfitters by 80.5% in the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock valued at $47,726,000 after acquiring an additional 960,273 shares in the last quarter.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm 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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