Jefferies Financial Group Analysts Cut Earnings Estimates for American Eagle Outfitters, Inc. (NYSE:AEO)

American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) – Stock analysts at Jefferies Financial Group lowered their FY2023 earnings per share (EPS) estimates for shares of American Eagle Outfitters in a research note issued to investors on Thursday, November 3rd. Jefferies Financial Group analyst C. Tarlowe now anticipates that the apparel retailer will earn $0.60 per share for the year, down from their prior estimate of $0.63. The consensus estimate for American Eagle Outfitters’ current full-year earnings is $0.67 per share. Jefferies Financial Group also issued estimates for American Eagle Outfitters’ Q4 2023 earnings at $0.24 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.21 EPS and Q4 2024 earnings at $0.35 EPS.

American Eagle Outfitters (NYSE:AEOGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The apparel retailer reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). American Eagle Outfitters had a net margin of 3.81% and a return on equity of 19.05%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue was up .3% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Telsey Advisory Group dropped their price target on American Eagle Outfitters from $15.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, September 8th. Citigroup dropped their price target on American Eagle Outfitters from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. StockNews.com assumed coverage on American Eagle Outfitters in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. Bank of America downgraded American Eagle Outfitters from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $16.00 to $8.00 in a research note on Tuesday, July 26th. Finally, UBS Group dropped their price target on American Eagle Outfitters to $16.00 in a research note on Tuesday, August 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.77.

American Eagle Outfitters Trading Up 4.5 %

AEO opened at $11.33 on Friday. American Eagle Outfitters has a one year low of $9.46 and a one year high of $29.19. The company has a market cap of $2.12 billion, a P/E ratio of 12.45, a PEG ratio of 1.45 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.68 and a current ratio of 1.64. The business’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $12.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AEO. Crossmark Global Holdings Inc. lifted its holdings in shares of American Eagle Outfitters by 5.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 14,260 shares of the apparel retailer’s stock valued at $239,000 after buying an additional 780 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of American Eagle Outfitters by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the apparel retailer’s stock valued at $711,000 after buying an additional 800 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Eagle Outfitters by 1.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 81,461 shares of the apparel retailer’s stock valued at $911,000 after buying an additional 1,061 shares during the period. LPL Financial LLC lifted its holdings in shares of American Eagle Outfitters by 4.7% in the 2nd quarter. LPL Financial LLC now owns 24,782 shares of the apparel retailer’s stock valued at $277,000 after buying an additional 1,113 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American Eagle Outfitters by 6.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock valued at $330,000 after buying an additional 1,241 shares during the period.

American Eagle Outfitters Company Profile

(Get Rating)

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

Featured Stories

Earnings History and Estimates for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.