American Eagle Outfitters (AEO) Expected to Announce Quarterly Earnings on Wednesday

American Eagle Outfitters (NYSE:AEO) is expected to be announcing its earnings results after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $1.60 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $12.11 on Tuesday. The firm’s 50-day moving average is $15.22 and its two-hundred day moving average is $17.89. American Eagle Outfitters has a 12 month low of $11.65 and a 12 month high of $26.25. The company has a market capitalization of $2.33 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AEO shares. UBS Group reduced their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Citigroup reduced their target price on shares of American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Thursday, March 6th. Jefferies Financial Group dropped their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Finally, Barclays reiterated an “equal weight” rating and set a $17.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.70.

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.