American International Group (AIG) to Release Quarterly Earnings on Thursday


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American International Group (NYSE:AIG) will issue its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, February 15th. The insurance provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. American International Group had a positive return on equity of 3.62% and a negative net margin of 10.82%. The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company earned $1.03 earnings per share. On average, analysts expect American International Group to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:AIG opened at $48.40 on Wednesday. American International Group has a twelve month low of $23.23 and a twelve month high of $49.46. The company has a market cap of $41.74 billion, a price-to-earnings ratio of -8.32, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36. The stock has a fifty day simple moving average of $47.02 and a 200-day simple moving average of $41.19. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 16th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, March 15th. American International Group’s dividend payout ratio (DPR) is 27.89%.

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on American International Group from $39.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, April 5th. Credit Suisse Group raised their price target on shares of American International Group from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, March 1st. Citigroup raised their price target on shares of American International Group from $43.00 to $48.00 in a report on Wednesday, March 31st. Atlantic Securities raised shares of American International Group from a “neutral” rating to an “overweight” rating and set a $55.00 target price for the company in a report on Thursday, March 4th. Finally, Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating and set a $45.00 price objective on the stock. in a research report on Thursday, February 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. American International Group currently has an average rating of “Hold” and an average target price of $45.07.

American International Group Company Profile

American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.

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Earnings History for American International Group (NYSE:AIG)

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