American Eagle Outfitters (AEO) Releases Earnings Results, Reports EPS of $0.41 EPS

American Eagle Outfitters (AEO) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. AEO reported $0.41 EPS for the quarter. Analysts had a consensus estimate of $0.41. The company posted revenue of $940.60 million in the period, compared to analysts expectations of $941.51 million. AEO’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on American Eagle Outfitters. Shares were Downgraded by FBR & Co. on Nov 15, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 19 from a previous price target of $22 .American Eagle Outfitters was Downgraded by Wolfe Research to ” Peer Perform” on Nov 14, 2016.

American Eagle Outfitters opened for trading at $18.46 and hit $18.93 on the upside on Tuesday, eventually ending the session at $18.91, with a gain of 2.77% or 0.51 points. The heightened volatility saw the trading volume jump to 1,20,47,585 shares. Company has a market cap of $3,437 M.

In a different news, on Sep 6, 2016, Michael R Rempell (EVP, Chief Operations Officer) sold 50,826 shares at $18.79 per share price. According to the SEC, on May 24, 2016, Jennifer M. Foyle (Global Brand President-aerie) sold 13,568 shares at $15.73 per share price. On May 24, 2016, Charles F Kessler (Global Brand President-AE) sold 4,784 shares at $15.85 per share price, according to the Form-4 filing with the securities and exchange commission.

American Eagle Outfitters Inc. is an apparel and accessories retailer. The Company offers clothing accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims pants shorts sweaters fleece outerwear graphic t-shirts footwear and accessories. The aerie brand is a collection of intimates and personal care products for women such as bras and undies at the core and offerings in sleep swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1000 retail stores in the United States and internationally 955 American Eagle Outfitters stores 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States Canada Mexico Hong Kong China and the United Kingdom.

American Eagle Outfitters

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