American Equity Investment Life Holding Forecasted to Earn FY2018 Earnings of $3.35 Per Share (AEL)

American Equity Investment Life Holding (NYSE:AEL) – Research analysts at B. Riley increased their FY2018 EPS estimates for American Equity Investment Life in a note issued to investors on Thursday, Zacks Investment Research reports. B. Riley analyst R. Binner now anticipates that the financial services provider will earn $3.35 per share for the year, up from their prior forecast of $2.80. B. Riley has a “Neutral” rating and a $30.00 price target on the stock. B. Riley also issued estimates for American Equity Investment Life’s FY2019 earnings at $3.45 EPS.

American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.33. The company had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $615.75 million. American Equity Investment Life had a net margin of 7.90% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share.

A number of other equities analysts have also recently weighed in on AEL. Royal Bank of Canada restated a “buy” rating and set a $30.00 price objective on shares of American Equity Investment Life in a research report on Tuesday, October 10th. Goldman Sachs Group initiated coverage on shares of American Equity Investment Life in a research report on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price objective for the company. Finally, ValuEngine cut shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Equity Investment Life presently has a consensus rating of “Hold” and a consensus price target of $29.14.

American Equity Investment Life (NYSE:AEL) traded down $0.30 during trading hours on Monday, reaching $33.66. 716,682 shares of the company’s stock were exchanged, compared to its average volume of 660,270. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $3,026.57, a PE ratio of 11.69 and a beta of 2.55. American Equity Investment Life has a 52 week low of $22.23 and a 52 week high of $34.49.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of American Equity Investment Life by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,948 shares of the financial services provider’s stock valued at $104,000 after buying an additional 414 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of American Equity Investment Life by 79.5% in the second quarter. Riverhead Capital Management LLC now owns 5,026 shares of the financial services provider’s stock valued at $132,000 after buying an additional 2,226 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of American Equity Investment Life in the second quarter valued at about $174,000. Teacher Retirement System of Texas purchased a new stake in shares of American Equity Investment Life in the third quarter valued at about $203,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of American Equity Investment Life in the second quarter valued at about $203,000. Institutional investors and hedge funds own 93.92% of the company’s stock.

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American Equity Investment Life Company Profile

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

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

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