|Bid||8.05 x 1800|
|Ask||0.00 x 1000|
|Day's Range||7.03 - 8.23|
|52 Week Range||6.62 - 24.30|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||7.30|
|Earnings Date||Jun 02, 2020 - Jun 07, 2020|
|Forward Dividend & Yield||N/A (8.15%)|
|Ex-Dividend Date||Apr 28, 2020|
|1y Target Est||13.20|
American Eagle (AEO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
American Eagle (AEO) is keen on safeguarding its finances through drawings on credit facilities and employee furloughs, among others, as coronavirus continues to wreak havoc.
American Eagle Outfitters, Inc. (NYSE: AEO) today announced that in response to ongoing store closures due to COVID-19, the company is taking a series of actions to preserve financial strength including:
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash dividend of $0.1375 per share, marking the company’s 63rd consecutive quarterly dividend. The $0.1375 dividend was declared on March 26, 2020 and is payable on May 14, 2020 to stockholders of record at the close of business on April 30, 2020.
Ross Stores (ROST) has withdrawn fiscal 2020 and first-quarter guidance due to the adverse impact of COVID-19 on its businesses, stemming from aggressive store closures.
U.S. clothing retailer Gap Inc and luxury department store operator Neiman Marcus will close their stores for two weeks, joining other retailers in a vast effort to stem the spread of the novel coronavirus. In a separate release, Neiman Marcus said it would shut all Neiman Marcus, Bergdorf Goodman, and Last Call stores in the United States, effective immediately. Numerous retailers including Tiffany & Co, Macy's Inc, L Brands Inc, Ralph Lauren and American Eagle Outfitters announced temporary store closures on Tuesday, joining Nike Inc and Nordstrom Inc, which made similar announcements in recent days.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus. Earlier in the day, L Brands Inc, Ralph Lauren and American Eagle Outfitters announced temporary store closures, joining a spate of retailers, including Nike Inc and Nordstrom Inc, which have made similar announcements in recent days. There are now more coronavirus cases and deaths outside mainland China, the initial epicenter of the outbreak, than inside, with more than 182,000 cases worldwide and over 7,100 deaths.
American Eagle and Aerie stores to remain closed for at least two weeks as company signals it expects the pandemic and the response to it to impact its performance
American Eagle Outfitters Inc. said Tuesday that it will shutter stores after the close of business on March 17 through at least March 27. All store associates will receive their wages during this time. Workers who can work from home will do so, along with other precautions the company is taking to curb the spread. American Eagle has also withdrawn its first-quarter guidance as it expects store closures and the pandemic to have a material impact. American Eagle said it ended fiscal 2019 with no debt and $417 million in cash and short-term investments. The retailer has drawn down $330 million from its credit facility for near-term liquidity. American Eagle stock slipped 1.6% in premarket trading and is down nearly 59% over the past year. The S&P 500 index is down 15.5% for the last 12 months.
American Eagle Outfitters, Inc. (NYSE:AEO) today announced that in order to protect its people and communities it is temporarily closing all of its American Eagle and Aerie stores in the United States and Canada effective end of day March 17, 2020. This is in response to the continued spread of COVID-19 and the guidance of government and public health officials. The closures will remain in place until at least March 27, 2020 and all store associates will be compensated for scheduled time during that period. Online shopping via ae.com, aerie.com and through the AE/Aerie app will continue to operate as normal.
Unfortunately for some shareholders, the American Eagle Outfitters (NYSE:AEO) share price has dived 32% in the last...
Wedbush consumer analyst Jen Redding has a shopping list of stocks to buy amid a market-wide sell-off with a common theme of fashion names:The AnalystRedding upgraded: * Abercrombie & Fitch Co. (NYSE: ANF) from Neutral to Outperform, price target lifted from $14 to $16. * American Eagle Outfitters (NYSE: AEO) from Neutral to Outperform, unchanged $14 price target. * Burlington Stores Inc (NYSE: BURL) from Neutral to Outperform, price target lifted from $230 to $246. * Zumiez Inc. (NASDAQ: ZUMZ) from Underperform to Neutral, price target lowered from $28 to $23.Abercrombie (NYSE: ANF): 'Shares Oversold'The fashion retail sector is seeing a headwind from the coronavirus and the negative headlines are likely to continue, Redding wrote in the note. But shares of Abercombie have been pushed to valuation levels not seen since 2008 which makes it an "attractive pick." After all, the company showed a strong comp sales gain in early 2020.The stock is now trading at 2.5 times EV to forward EBITDA which is 68% below the group average of 7.8 times. Shares are also trading at a 71% P/E discount to its five-year average versus the group average trading at a 16% discount."Fundamentally we see upside driven by the company's strategy for square footage rationalization and store transformation, and appreciate the company's healthy balance sheet," the analyst wrote.American Eagle (NYSE: AEO): 'Room To Soar'American Eagle is a victim of the "market firesale" as shares are down around 28% since coronavirus concerns started to dominate headlines, Redding wrote. The stock is now trading at a 48% P/E discount to consensus EPS which is "well below" the group average of 17%.The company is backed by $417 million in cash and equivalents with zero long-term debt which is a "strength" in the current volatile environment, the analyst wrote. American Eagle has also presented multiple growth strategies, attractive product offerings and backed by a management team with a "blue chip" mentality focused on creating value.Burlington Stores (NYSE: BURL): 'Favorable' Strategy Off-price retailer Burlington announced a strategy for 2020 consisting of driving inventory levels lower by a double-digit rate, Redding wrote. Management also plans on improving its ability to take advantage of sales trends and maintain a degree of "freshness."Burlington is also looking to close its online store to better focus on sales growth and expansion in its profitable physical stores. This "favorable" strategy supports the case for an "attractive growth" profile moving forward, the analyst wrote.Zumiez (NASDAQ: ZUMZ): 'Resets Valuation'Zumiez's stock is trading at a P/E multiple of 8.8 times 2020 EPS estimate which is a "fair" valuation even though it represents a 56% discount from its five-year average, Redding wrote. The company also has 90% exposure to the U.S. market which represents a near-term concern given the current macro environment.The company's longer-term outlook looks more positive as momentum in hardgoods and men's categories could offset some weakness. Zumiez also has no long-term debt on the balance sheet.Related Links:Who's Shopping For Nordstrom's Stock? The Street DebatesTarget Analysts React To Q4 Earnings, Investor Day Presentation Photo by Anna Dziubinska on UnsplashLatest Ratings for AEO DateFirmActionFromTo Mar 2020WedbushUpgradesNeutralOutperform Mar 2020B. Riley FBRMaintainsBuy Mar 2020CFRAMaintainsBuy View More Analyst Ratings for AEO View the Latest Analyst Ratings See more from Benzinga * Cramer On Retailers: Adapt To Off-Price Or Fade Away(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Dick's guidance for 2020 issued Tuesday takes into account some supply chain disruptions but it hasn't even attempted to consider what might happen if, like in China or Italy, there would be shutdowns of entire regions in an attempt to stop the virus.
American Eagle Outfitters plans to capitalize on strong growth for its Aerie intimates brand by opening 60 to 70 new stores in 2020, the company said as it reported its fourth-quarter earnings. Aerie’s comparable sales increased 26 percent for the quarter, following a 23 percent increase in 2018, marking the 21st consecutive quarter of double-digit sales growth, while American Eagle comparable sales were up slightly in the fourth quarter of 2019 compared to a 5 percent increase last year. Jennifer Foyle, executive vice president and global brand president for Aerie, reported very strong returns from investments in new and remodeled stores and growth in newer markets including Dallas, Houston and Denver, Chain Store Age reported.
The company disclosed it would see an slight impact on its earnings in the first quarter due to COVID-19's impact on its Hong Kong stores.
American Eagle (AEO) delivered earnings and revenue surprises of 2.78% and 3.54%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
American Eagle Outfitters Inc. shares rose more than 7% in the extended session Wednesday after sales topped analysts estimates. The company reported fourth-quarter net income of $3.8 million, or 3 cents a share, versus net income of $76.2 million, or 43 cents a share, in the year-ago period. American Eagle incurred an impairment, restructuring and related charge of $76 million, which amounts to 34 cents a share; $65 million of the charge is noncash, the company said. American Eagle reported adjusted earnings of 37 cents a share. Revenue rose to $1.31 billion from $1.24 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 36 cents a share on revenue of $1.27 billion. For the first quarter, analysts model adjusted earnings of 21 cents a share and sales of $916 million. The company said it expects first-quarter earnings of 20 cents to 22 cents a share. American Eagle stock has fallen 36.8% in the past year, as the S&P 500 index gained 7.5%.
American Eagle Outfitters (NYSE: AEO) reported fourth-quarter earnings of 37 cents per share on Wednesday, which beat the analyst consensus estimate of 36 cents by 2.78%. This is a 13.95% decrease over earnings of 43 cents per share from the same period last year.The company reported quarterly sales of $1.31 billion, which beat the analyst consensus estimate of $1.27 billion by 3.15%. This is a 5.31% increase over sales of $1.244 billion the same period last year.American Eagle sees first-quarter EPS at 20-22 cents versus the 21-cent estimate.View more earnings on AEO"Although we faced some challenges in 2019, we made good progress on our strategic growth pillars, posting record revenues," said CEO Jay Schottenstein. "We saw strong customer engagement and positive traffic across brands and channels. Aerie delivered exceptional growth, led by its unique brand positioning and strong customer connection, and has significant runway ahead. American Eagle saw growth in its signature jeans and bottoms categories, where we continue to gain meaningful market share."American Eagle Outfitters shares were trading up 6.61% at $13.70 in Wednesday's after-hours session. The stock has a 52-week high of $24.30 and a 52-week low of $12.24.Photo credit: bargainmoose, FlickrSee more from Benzinga * Report Says Roku Wants Original Programs, But Company Denies Plans * Michael Bloomberg Drops Out Of 2020 Presidential Race, Endorses Joe Biden * Abercrombie & Fitch Trades Higher Q4 Earnings Beat(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
American Eagle Outfitters, Inc. (NYSE: AEO) today reported EPS of $0.03 for the 13 weeks ended February 1, 2020. This compared to $0.43 for the 13 weeks ended February 2, 2019. Adjusted EPS of $0.37 excludes $0.34 of impairment, restructuring and related charges discussed below.
Movers Indices S&P 500 ETF (NYSE:SPY) rose 2.79% to $308.7Nasdaq ETF (NASDAQ:QQQ) rose 2.87% to $215.49Dow Jones Industrial Average ETF (NYSE:DIA) increased 3.04% to $267.18FTSE/Xinhua China 25 ETF (NYSE:FXI) increased 0.86% to $41.17FTSE Europe ETF (NYSE:VGK) rose 2.81% to $54.16Commodities United States Oil ETF (NYSE:USO) fell 0.35% to $9.86Gold ETF (NYSE:GLD) rose 0.38% to $154.53Bonds 20+ Yr Treasury Bond ETF (NASDAQ:TLT) decreased 0.28% to $155.89Industries Retail ETF (NYSE:XRT) rose 1.22% to $40.53Energy (NYSE:XLE) rose 0.93% to $46.1Technology (NYSE:XLK) increased 2.87% to $92.49Financial (NYSE:XLF) rose 1.75% to $27.36Stocks Higher UnitedHealth Group (NYSE:UNH) rose 9.81% to $286.95Anthem (NYSE:ANTM) increased 14.22% to $292.94VectoIQ (NASDAQ:VTIQ) rose 27.86% to $14.7Stocks Lower Hewlett Packard (NYSE:HPE) decreased 4.37% to $12.03Recro Pharma (NASDAQ:REPH) decreased 29.79% to $10.07Top News Tesla Blames COVID-19 Impact For Model 3 Hardware Botch In China, Promises Free ReplacementiPhone Maker Foxconn Expects 15% Q1 Revenue Hit From Coronavirus, Says Production ReboundingUpcoming Earnings American Eagle Outfitters (NYSE:AEO) will release earnings today for Q4. Last year, for the same quarter, they reported an EPS of $0.43 and revenue of $1,244,000,000. Analysts predict the revenue to be around $1,270,000,000 and the EPS to be at $0.36.Earnings Recap Campbell Soup (NYSE:CPB) reported earnings today for Q2, better than consensus estimates. They reported an earnings per share of $0.72, and sales of 2,162,000,000. Last year, for the same quarter, they reported an EPS of $0.77 and revenue of $2,713,000,000.Dollar Tree (NASDAQ:DLTR) released earnings for Q4, higher than analyst estimates. They reported an EPS of $1.79, and revenue of 6,315,000,000. In the same quarter last year, they reported an earnings per share of $1.93 and revenue of $6,205,000,000.Owens & Minor (NYSE:OMI) reported earnings today for Q4, better than consensus estimates. They reported an earnings per share of $0.24, and sales of 2,191,000,000. Last year, for the same quarter, they reported an EPS of $0.09 and revenue of $2,543,000,000.Titan Intl (NYSE:TWI) released earnings for Q4, lower than analyst estimates. They reported an EPS of -$0.4, and revenue of 301,790,000. In the same quarter last year, they reported an earnings per share of -$0.21 and revenue of $363,403,000.Abercrombie & Fitch (NYSE:ANF) reported earnings today for Q4, better than consensus estimates. They reported an earnings per share of $1.31, and sales of 1,185,000,000. Last year, for the same quarter, they reported an EPS of $1.35 and revenue of $1,156,000,000.See more from Benzinga * Campbell Soup Q2 Earnings Preview * Dollar Tree Q4 Earnings Preview * A Preview Of Abercrombie & Fitch's Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.