American Eagle Outfitters (NYSE:AEO)’s Latest Updates

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Dallas, Texas 05/21/2014 (FINANCIALSTRENDS) –American Eagle Outfitters (NYSE:AEO) is slated to report its 2014 Q1 earnings data on May 21st. The company has now set Q1 guidance at earnings per share of $0.00. The company had last issued quarterly earnings on March 11th. It reported earnings per share of $0.27 for the quarter, which topped the average analyst projection of $0.26 by $0.01.

It reported revenue of $1.04B for the quarter, in comparison to the average projection of $1.05 billion. In the same quarter in the previous year, AEO posted earnings per share of $0.55 . Its quarterly revenue dropped 6.7% on a y-o-y basis. On an average, analysts now project that the company will post earnings per share of $0.65 for the current financial year and earnings per share of $0.84 for the next financial year.

Analyst speak

Recently, many research analysts have weighed on the company stock. Zacks analysts have restated their rating of “underperform” on the shares of American Eagle Outfitters (NYSE:AEO) is in the research note on April 15th. They currently have a price target of $10.00 on the stock. Buckingham Research reiterated their rating of “neutral” on the AEO shares in the research note on April 9th. They currently have a price target of $12.00 on the stock.

The consensus opinion

Finally, Janney Montgomery Scott analysts have downgraded the company shares from a rating of “buy” to a “neutral” rating in the research note on 8 April. Currently, they have a PT of $10.00 on the stock, down from the previous $17.00. Three equities research analysts have assigned a “sell” rating on the company stock and 10 have set a “hold” rating while 8 have set a “buy” rating. Currently, the average rating on American Eagle Outfitters (NYSE:AEO) is a “hold” and the average price target is $15.17.

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