Oppenheimer Has Positive Earnings Outlook Update for American Eagle (AEO)

By admin | 6 years ago

Research analysts at Oppenheimer (NYSE: OPY) raised their EPS estimates on shares of American Eagle (NYSE: AEO) in a report released on Friday. The firm currently has an “outperform” rating and a $24.00 price target on the company’s shares.

Shares of American Eagle traded down 1.84% during mid-day trading on Friday, hitting $18.09. American Eagle has a 52 week low of $10.00 and a 52 week high of $18.61. The company has a market cap of $3.519 billion and a P/E ratio of 23.94.

The company last announced its quarterly results on Wednesday, March 7th. It reported $0.35 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.36 EPS by $0.01. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that American Eagle will post $0.10 earnings per share next quarter.

AEO has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of American Eagle from $23.00 to $25.00 in a research note to investors on Monday, April 23rd. Separately, analysts at Zacks downgraded shares of American Eagle from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, April 12nd. They now have a $17.00 price target on the stock. Finally, analysts at Lazard Capital upgraded shares of American Eagle from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, March 27th.

American Eagle Outfitters, Inc. is an apparel and accessories retailer that operates more than 1,000 retail stores in the United States and Canada, and online at ae.

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