American Eagle Outfitters (AEO) Scheduled to Post Earnings on Wednesday

American Eagle Outfitters (NYSE:AEO - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 29th. Analysts expect American Eagle Outfitters to post earnings of $0.27 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $0.37 EPS. The firm's revenue was up 12.2% on a year-over-year basis. On average, analysts expect American Eagle Outfitters to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $1.00 during mid-day trading on Wednesday, hitting $22.61. The company had a trading volume of 4,328,750 shares, compared to its average volume of 4,312,786. The firm has a market cap of $4.44 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.10 and a beta of 1.60. American Eagle Outfitters has a fifty-two week low of $9.95 and a fifty-two week high of $26.44. The business's fifty day moving average is $24.03 and its two-hundred day moving average is $21.89.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a $0.125 dividend. The ex-dividend date was Thursday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.21%. American Eagle Outfitters's dividend payout ratio is 58.14%.

American Eagle Outfitters announced that its board has authorized a stock buyback program on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently commented on AEO. Bank of America raised their price objective on American Eagle Outfitters from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a "neutral" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Tuesday, April 9th. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 2nd. Barclays boosted their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, April 29th. Finally, Telsey Advisory Group lifted their price target on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters has an average rating of "Hold" and a consensus target price of $23.00.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,908 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 26,440 shares of American Eagle Outfitters stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $24.66, for a total value of $652,010.40. Following the completion of the transaction, the insider now directly owns 226,497 shares of the company's stock, valued at approximately $5,585,416.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,319 shares of company stock worth $1,312,938. Company insiders own 7.50% of the company's stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.