Home
News
- 1 AEO stock price trades above the major 20 and 50-day daily moving averages.
- 2 AEO stock price trades above the major 20 and 50-day daily moving averages.
The dividend yield of AEO stock for the trailing twelve months is 1.19%, and it paid $0.10 per share as its last dividend. The last ex-dividend date of AEO stock was October 12, 2023, and its payout ratio is 19.32%.
This means that AEO stock can pay its dividends from its earnings and cash flows, which shows that its dividends are safe and reliable. A low payout ratio also implies that AEO stock has confidence in its future growth and has enough cash flow to invest in its business.
AEO stock’s revenue for the quarter ending July 2023 was $1.20 Billion, with a net income of $48.57 Million, and a profit margin of 4.04% for the same quarter. AEO stock’s revenue for this quarter was higher than the analysts’ expectations by $5.615 Million (0.47%).
AEO stock’s earnings per share (EPS) for the quarter ending July 2023 was $0.25, which was 59.42% higher than the analysts’ estimate of $0.157. The estimated revenue and EPS for the next quarter are $1.272 Billion and $0.461 respectively. The next quarterly report of AEO stock will be released on December 13, 2023.
Moreover, AEO stock’s total assets and total liabilities for the quarter ending July 2023 were $3.43 Billion and $1.76 Billion respectively. The debt-to-assets ratio of AEO stock for this quarter was 51.25%.
AEO Stock Price Technical Analysis in 1-D Timeframe
The AEO stock has a CMP of $16.82 and has an intraday loss of 1.29%. The AEO stock’s average volume for the last 10 days is 4.892 Million and its current volume is 3.027 Million. The AEO stock has a float of 181.014 Million shares and a market cap of $3.322 Billion.
According to the American Eagle Outfitters Inc. (NYSE: AEO) stock price action that was displayed on its chart, the AEO stock price started surging upwards from the $10 support level in May 2023.
It reached a high of $17.53 on October 11th, 2023, by making a continuous upward break of structures and is moving in a higher highs and lows pattern, which formed an uptrend.
However, this uptrend was disturbed and the AEO stock price faced resistance from yearly highs as the dividends have invited some profit booking.
Therefore, American Eagle Outfitters Inc. (AEO) stock price can continue to rise if it breaks above the previous high point with strong buying pressure. Also, the possible resistance levels are in the range of $17 to $18.
Alternatively, AEO stock could drop to $15 if it fails to overcome the resistance and falls below the previous low point of $16.
At the time of publishing, the price of American Eagle Outfitters Inc. (NYSE: AEO) was trading above major 20 and 50 EMAs.
The MACD indicates a bullish cross and shows bullishness in the stock as the histogram width is broadening in the MACD tool. The RSI is at 59. The indicators in the AEO stock show bullish signs on the charts.
According to 13 analysts who have assessed the stock in the last three months, AEO stock has a neutral rating and is not a strong “buy”. The 12 analysts who have given their 1-year price predictions for AEO stock have a wide range between $12.50 to $24.00.
Summary
American Eagle Outfitters Inc. (NYSE: AEO) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. Moreover, the technical analysis tools of the American Eagle stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $16 and $15
Resistance Levels: $17 and $18
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
