American Equity Investment Life Holding (AEL) Expected to Announce Earnings of $0.95 Per Share

Wall Street analysts forecast that American Equity Investment Life Holding (NYSE:AEL) will announce earnings of $0.95 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Equity Investment Life’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.97. American Equity Investment Life also reported earnings of $0.95 per share in the same quarter last year. The business is expected to issue its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that American Equity Investment Life will report full-year earnings of $3.86 per share for the current year, with EPS estimates ranging from $3.75 to $3.98. For the next financial year, analysts anticipate that the firm will post earnings of $3.99 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $625.65 million. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. The firm’s revenue was up 741.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share.

Several research firms recently weighed in on AEL. Zacks Investment Research upgraded American Equity Investment Life from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. TheStreet cut American Equity Investment Life from a “b” rating to a “c+” rating in a research note on Thursday, May 2nd. ValuEngine cut American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Sandler O’Neill cut American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, UBS Group boosted their target price on American Equity Investment Life from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. American Equity Investment Life presently has an average rating of “Hold” and a consensus target price of $35.75.

AEL stock opened at $30.42 on Friday. The company has a market cap of $2.75 billion, a P/E ratio of 6.53 and a beta of 2.28. American Equity Investment Life has a fifty-two week low of $25.27 and a fifty-two week high of $38.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.11 and a quick ratio of 0.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in American Equity Investment Life during the fourth quarter worth approximately $34,000. Royce & Associates LP acquired a new position in American Equity Investment Life during the fourth quarter worth approximately $49,000. Quadrant Capital Group LLC increased its position in American Equity Investment Life by 547.5% during the first quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,971 shares during the period. Meeder Asset Management Inc. increased its position in American Equity Investment Life by 149.7% during the fourth quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,576 shares during the period. Finally, Vigilant Capital Management LLC increased its position in American Equity Investment Life by 16.1% during the fourth quarter. Vigilant Capital Management LLC now owns 3,600 shares of the financial services provider’s stock worth $101,000 after buying an additional 500 shares during the period. 94.28% of the stock is currently owned by institutional investors.

American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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Earnings History and Estimates for American Equity Investment Life (NYSE:AEL)

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