American Eagle Outfitters, Inc. (NYSE:AEO) to Post Q4 2023 Earnings of $0.20 Per Share, Jefferies Financial Group Forecasts

American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) – Research analysts at Jefferies Financial Group cut their Q4 2023 earnings estimates for American Eagle Outfitters in a research report issued to clients and investors on Tuesday, November 22nd. Jefferies Financial Group analyst C. Tarlowe now anticipates that the apparel retailer will earn $0.20 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for American Eagle Outfitters’ current full-year earnings is $0.66 per share. Jefferies Financial Group also issued estimates for American Eagle Outfitters’ Q1 2024 earnings at $0.19 EPS and Q2 2024 earnings at $0.16 EPS.

American Eagle Outfitters (NYSE:AEOGet Rating) last announced its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.19. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a net margin of 2.42% and a return on equity of 13.56%. American Eagle Outfitters’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS.

A number of other brokerages have also issued reports on AEO. BMO Capital Markets increased their target price on shares of American Eagle Outfitters from $10.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday. Telsey Advisory Group upped their target price on American Eagle Outfitters from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday. Barclays increased their price objective on American Eagle Outfitters from $11.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday. Cowen increased their price objective on American Eagle Outfitters to $15.00 in a report on Thursday. Finally, Citigroup increased their price target on American Eagle Outfitters from $10.00 to $17.00 in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.31.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $15.80 on Thursday. The firm has a 50-day moving average price of $11.19 and a 200 day moving average price of $11.87. The firm has a market capitalization of $2.96 billion, a PE ratio of 26.78, a P/E/G ratio of 2.03 and a beta of 1.34. The company has a quick ratio of 0.68, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. American Eagle Outfitters has a 52-week low of $9.46 and a 52-week high of $28.62.

Hedge Funds Weigh In On American Eagle Outfitters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eisler Capital UK Ltd. bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $34,000. Elequin Capital LP acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $37,000. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $37,000. Meeder Asset Management Inc. acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $51,000. Finally, QVIDTVM Management LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $58,000.

American Eagle Outfitters Company Profile

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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.

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

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