PITTSBURGH--(BUSINESS WIRE)--American Eagle Outfitters (NYSE: AEO) will report its fourth quarter and full-year fiscal 2023 results and unveil its new long-term strategy on Thursday, March 7th, 2024. The company will issue press releases in the morning. This will be followed by a webcast discussion of its financial results and long-term strategy and financial plan at 11:00 a.m., Eastern Time. The event will feature a presentation and a question-and-answer session with members of the company’s leadership te ...

The U.S. economy remains resilient even though the interest rate is currently at its 22-year high. The Fed is yet to give any information on the date of its first rate cut. On the contrary, in its January FOMC meeting, the central bank gave a clear indication that a much-hyped interest rate cut in March is out of sight.Despite a tough scenario, the labor market remains resilient, the services PMI (Purchasing Managers’ Index) is expanding gradually and the manufacturing PMI has shown signs of improvement. Mo ...

The U.S. economy added 353,000 for the month, much better than the Dow Jones estimate for 185,000 (as quoted on CNBC), the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%.Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages inched up 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, o ...

American Eagle Outfitters Inc (NYSE:AEO) is underperforming the broader market, down 1.9% in 2024, versus a 4.6% year-to-date gain for the SPDR S&P 500 ETF Trust (SPY). Last seen down 0.6% at $20.77 this afternoon, AEO continues to distance itself from its Jan. 12, 52-week high of $21.68. However, a historically bullish signal indicates this recent pullback could lead to good things in the near future for the apparel retailer.This is because American Eagle Outfitters stock just came within one standard devi ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering American Eagle Outfitters (AEO) , which belongs to the Zacks Retail - Apparel and Shoes industry.This teen clothing retailer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 34.38%.For the most recent quarter, American Eagle was exp ...

Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value. A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves.And as of late, several companies – Meta Platforms (META) , American Eagle Outfitters (AEO) , and HCA Healthcare (HCA) – have unveiled new repurchase programs. Let’s take a closer look at each.Meta PlatformsMeta’s quarterly results ...

American Eagle Outfitters (AEO) has taken another decisive move in its strategy to boost shareholders' value through the approval of its new share repurchase authorization. The program allows for the buyback of 30 million shares of its common stock through Feb 3, 2029. This ambitious plan aims to replace the previous authorization that expired on Feb 3, 2024. It showcases the company's aggressive approach to capital management.In fiscal 2023, AEO demonstrated its financial prudence by repurchasing 1 million ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks h ...

PITTSBURGH--(BUSINESS WIRE)--American Eagle Outfitters, Inc. (NYSE: AEO) today announced that its Board of Directors has authorized 30 million shares of AEO’s common stock for repurchase through February 3, 2029. This will replace the existing authorization, which is due to expire on February 3, 2024. AEO repurchased approximately one million shares in fiscal year 2023. “Reflecting improved financial performance and a healthy balance sheet, I am pleased to announce a new share repurchase program for the co ...

More than $1 million has been distributed in the United States and Canada to fund inclusive libraries, Pride celebrations, gender-neutral restrooms, and more. LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- It Gets Better, the world's largest storytelling effort to empower LGBTQ+ youth, has opened applications for year three of its 50 States. 50 Grants. 5000 Voices. grants initiative. Grants of up to $10K each will be awarded to middle or high schools throughout the United States, including US territories, and fu ...