As of 11:15 a.m. EDT, American Eagle's shares were down 16.6% from Tuesday's closing price. So what In a regulatory filing on Wednesday morning, American Eagle said its customer traffic and sales have fallen sharply since the beginning of March, as consumers and local governments reacted to the outbreak of the COVID-19 virus.
Full Answer
What's happened to American Eagle Outfitters since its last earnings report?
A month has gone by since the last earnings report for American Eagle Outfitters (AEO). Shares have lost about 18.3% in that time frame, underperforming the S&P 500.
Why did American Eagle (AEO) beat the Zacks consensus for Q3 earnings?
American Eagle reported third-quarter fiscal 2021 results, wherein both earnings per share and revenues not only beat the Zacks Consensus Estimate but also improved year over year. Results gained from robust consumer demand for its merchandise and brands, and execution of the “Real Power. Real Growth. ” Plan.
Is Lululemon's warning dragging down American Eagle stock?
A warning from Lululemon is dragging down American Eagle as well. Shares of teen-focused fashion chain American Eagle Outfitters ( AEO -1.25% ) were down by 6.5% as of 11:20 a.m. ET Monday. Don't blame the company for that, though.
Is American Eagle Outfitters’ dividend safe?
American Eagle Outfitters pays a meaningful dividend of 2.79%, higher than the bottom 25% of all stocks that pay dividends. American Eagle Outfitters has only been increasing its dividend for 1 years. The dividend payout ratio of American Eagle Outfitters is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Why did American Eagle stock go down?
American Eagle (ticker: AEO) on Thursday delivered fiscal first-quarter results, which disappointed investors. Adjusted earnings per share of 20 cents were lower than analysts' expectation of 32 cents, according to FactSet. Revenue of $1.06 billion also didn't match up to projections.
Will American Eagle stock go up?
The 12 analysts offering 12-month price forecasts for American Eagle Outfitters Inc have a median target of 16.00, with a high estimate of 27.00 and a low estimate of 8.00. The median estimate represents a +34.17% increase from the last price of 11.93.
Is American Eagle in financial trouble?
Apparel chain American Eagle Outfitters said it expects its earnings to decline in the first half of 2022, after hitting a more than 10-year high last year, as benefits from the federal stimulus fade and freight expenses spiral upward.
Is American Eagle Outfitters a buy?
American Eagle Outfitters has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 9 hold ratings, and no sell ratings.
How often does American Eagle pay dividends?
(NYSE: AEO) announced a quarterly cash dividend of $0.18 per share. The dividend was declared on March 1, 2022 and is payable on March 24, 2022 to stockholders of record at the close of business on March 11, 2022. About American Eagle Outfitters, Inc.
How much market share does American Eagle have?
Net revenue share of American Eagle Outfitters worldwide in fiscal year 2019, by merchandise groupCharacteristicShare of net revenueWomen's apparel and accessories*52%Men's apparel and accessories29%Aerie19%
How is American Eagle doing financially?
Aerie's operating income of $52 million increased 46% from $36 million in the third quarter of 2020 and American Eagle's operating income of $261 million increased 68% from $155 million in the third quarter of 2020. Operating margin of 16.5% reflected the highest rate since 2007.
What other companies does American Eagle own?
American Eagle Outfitters, Inc. operates two distinct lifestyle brands, American Eagle Outfitters and Aerie, both focusing on the 15 — 25-year-old consumer.
What bank is American Eagle?
Synchrony BankBoth American Eagle credit cards are issued by Synchrony Bank.
Is AEO undervalued?
Valuation & Dividends American Eagle's 0.65x P/S and 2.30x P/B multiples also point to an undervalued stock, when compared to both sector averages and historical standards. American Eagle offers a generous 3.71% dividend yield, that grows at a 7.6% 5-year CAGR.
How profitable is American Eagle?
American Eagle Outfitters logged nearly $420 million in profits for the year as a result, compared with losses of $209 million a year earlier. “2021 was a milestone year for AEO,” said Jay Schottenstein, AEO's executive chairman of the board and chief executive officer.
What happened
Shares of teen-focused fashion chain American Eagle Outfitters ( AEO -1.25% ) were down by 6.5% as of 11:20 a.m. ET Monday. Don't blame the company for that, though.
So what
You see, bright and early Monday morning, Lululemon sounded an alarm for the consumer goods sector, warning that when it reports sales and earnings for its fourth fiscal quarter, both of these metrics will land near the low end of its previous guidance ranges.
NYSE: AEO
That's bad news for Lululemon, obviously, and the apparel seller's stock was down by about 5% because of it. But why is this (potentially) bad news for American Eagle?
Now what
On the plus side, despite all these difficulties, Lululemon still described its fourth quarter as "strong" -- indeed, if earnings were even just $3.24 per share, that would still work out to an impressive 25% growth rate in profits. American Eagle shareholders can at least cling to the hope that that will prove true for their company as well.
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American Eagle Q3 Earnings and Revenues Top Estimates
American Eagle reported third-quarter fiscal 2021 results, wherein both earnings per share and revenues not only beat the Zacks Consensus Estimate but also improved year over year. Results gained from robust consumer demand for its merchandise and brands, and execution of the “Real Power. Real Growth.” Plan.
Q3 Details
Adjusted earnings of 76 cents per share beat the Zacks Consensus Estimate of 60 cents. The bottom line increased substantially from earnings of 35 cents reported in third-quarter fiscal 2020. Total net revenues of $1,274.1 million increased 24% year over year and beat the Zacks Consensus Estimate of $1,229 million.
What is the difference between American Eagle and Aerie?
American Eagle brand comps were up 2% while Aerie comps were up 20% in the company's third quarter, Aerie's 20th consecutive quarter of double-digit growth. Aerie has been lauded as speaking to a new generation of women with its marketing campaigns that focus on body positivity and feature a diverse range of models.
Is American Eagle a teen brand?
It came in second (after Nike) for best-loved teen apparel brand in the latest Piper Jaffray Taking Stock With Teens survey, and the 2019 third quarter earnings report saw its 19th consecutive quarter of comp sales growth as well as record third-quarter revenue.
What is the payout ratio of American Eagle Outfitters?
Based on earnings estimates, American Eagle Outfitters will have a dividend payout ratio of 31.72% next year. This indicates that American Eagle Outfitters will be able to sustain or increase its dividend.
How much does American Eagle Outfitters make?
American Eagle Outfitters has a market capitalization of $5.84 billion and generates $3.76 billion in revenue each year. The apparel retailer earns $-209,270,000.00 in net income (profit) each year or $0.20 on an earnings per share basis.
American Eagle Q3 Earnings and Revenues Top Estimates
American Eagle reported third-quarter fiscal 2021 results, wherein both earnings per share and revenues not only beat the Zacks Consensus Estimate but also improved year over year. Results gained from robust consumer demand for its merchandise and brands, and execution of the “Real Power. Real Growth.” Plan.
Q3 Details
Adjusted earnings of 76 cents per share beat the Zacks Consensus Estimate of 60 cents. The bottom line increased substantially from earnings of 35 cents reported in third-quarter fiscal 2020. Total net revenues of $1,274.1 million increased 24% year over year and beat the Zacks Consensus Estimate of $1,229 million.
Other Financial Details
American Eagle ended the quarter with cash and cash equivalents of $740.7 million. Total shareholders’ equity as of Oct 30, 2021 was $1,396.7 million. The company’s capital expenditure was $58 million in the reported quarter.
Store Update
In third-quarter fiscal 2021, American Eagle inaugurated three AE and 25 Aerie stand-alone stores. The company remodeled and refurbished two stores in the fiscal third quarter. At the end of the quarter, American Eagle operated 1,121 stores, comprising 897 AE, 216 Aerie stand-alone, 187 Aerie side-by-side and three Todd Synder stores.
What happened
Shares of apparel retailer American Eagle Outfitters ( AEO 4.50% ) were falling on Wednesday after the company said it plans to raise $400 million via a new debt offering to private investors and gave an update on its current condition.
So what
In a regulatory filing on Wednesday morning, American Eagle said its customer traffic and sales have fallen sharply since the beginning of March, as consumers and local governments reacted to the outbreak of the COVID-19 virus.
Now what
American Eagle's balance sheet wasn't in bad shape before the coronavirus outbreak. The company had $417 million in cash -- and no debt -- as of the end of its last quarter, and it has already drawn down an additional $330 million from its lines of credit.
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