Zacks: Analysts Anticipate American Equity Investment Life Holding (AEL) to Announce $0.87 EPS

Wall Street brokerages forecast that American Equity Investment Life Holding (NYSE:AEL) will report earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American Equity Investment Life’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $0.89. American Equity Investment Life reported earnings of $0.96 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.4%. The firm is scheduled to issue its next earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that American Equity Investment Life will report full year earnings of $3.56 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.60. For the next financial year, analysts expect that the business will report earnings of $3.73 per share, with EPS estimates ranging from $3.65 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Monday, August 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. American Equity Investment Life had a return on equity of 12.32% and a net margin of 11.14%. The company had revenue of $685.50 million during the quarter, compared to analysts’ expectations of $589.40 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s revenue was down 16.3% compared to the same quarter last year.

AEL has been the subject of a number of research analyst reports. Royal Bank of Canada set a $38.00 price target on American Equity Investment Life and gave the company a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded American Equity Investment Life from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, June 20th. ValuEngine cut American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Sandler O’Neill restated a “buy” rating and issued a $41.00 price objective on shares of American Equity Investment Life in a research note on Friday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.14.

American Equity Investment Life stock traded down $0.17 during midday trading on Monday, reaching $32.84. The company’s stock had a trading volume of 610,292 shares, compared to its average volume of 545,024. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life has a 52-week low of $27.06 and a 52-week high of $38.56. The stock has a market cap of $3.19 billion, a PE ratio of 10.39 and a beta of 2.54.

Several large investors have recently made changes to their positions in AEL. Vigilant Capital Management LLC purchased a new position in shares of American Equity Investment Life in the second quarter worth about $112,000. Point72 Asia Hong Kong Ltd acquired a new stake in American Equity Investment Life during the first quarter worth about $188,000. 6 Meridian acquired a new stake in American Equity Investment Life during the second quarter worth about $206,000. Raymond James Financial Services Advisors Inc. acquired a new stake in American Equity Investment Life during the second quarter worth about $209,000. Finally, Zeke Capital Advisors LLC acquired a new stake in American Equity Investment Life during the second quarter worth about $217,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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. The company markets its products through various distribution channels, 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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