On Wednesday fashion retailer American Eagle Outfitters (
) released its third quarter earnings report that saw a jump in
earnings and revenue, beating analysts expectations.
The Pittsburgh, Pennsylvania-based company reported its third
quarter net income from continuing operations of 41 cents per
share, up +37% from 30 cents per share in the same quarter a year
ago. Analysts estimated that the company would earn 39 cents per
Third quarter revenue came in at $910 million, up +11% from last
year's third quarter revenue of $819 million. Analysts expected
revenue to be $872.95 million.
American Eagle's third quarter numbers were adjusted due to the
sale of 77kids.
Looking forward, AEO sees fiscal year 2012 EPS to be in the
range of $1.38 to $1.40, up from the previous outlook of $1.33 to
$1.36 per share. Wall Street thinks AEO will earn $1.37 per
For the fourth quarter American Eagles believes earnings will be
between 54 cents and 56 cents per share, compared to the Wall
Street consensus of 55 cents per share.
American Eagles shares were up $1.24, or +6.40%, in premarket
trading on Wednesday.
The Bottom Line
Shares of American Eagle Outfitters (
) have a 2.27% dividend yield, based on last night's closing stock
price of $19.39. The stock has technical support in the $16-$18
price area. If the shares can firm up, we see overhead resistance
around the $22 price level.
American Eagle Outfitters (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com