Brokerages expect American Equity Investment Life Holding (NYSE:AEL) to announce earnings of $0.83 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for American Equity Investment Life’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.80. American Equity Investment Life reported earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 25.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that American Equity Investment Life will report full-year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.45. For the next fiscal year, analysts forecast that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.45 to $3.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow American Equity Investment Life.
American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $550.89 million. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The firm’s quarterly revenue was up 99.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS.
Several analysts recently issued reports on AEL shares. ValuEngine downgraded American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. UBS started coverage on American Equity Investment Life in a research report on Friday, March 2nd. They set a “sell” rating and a $30.00 target price for the company. Finally, SunTrust Banks reiterated a “buy” rating and set a $38.00 target price on shares of American Equity Investment Life in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.88.
In other news, Director Debra J. Richardson sold 108,350 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $31.05, for a total transaction of $3,364,267.50. Following the completion of the transaction, the director now owns 140,253 shares of the company’s stock, valued at approximately $4,354,855.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald James Grensteiner sold 28,020 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $30.61, for a total value of $857,692.20. Following the transaction, the executive vice president now directly owns 122,792 shares of the company’s stock, valued at approximately $3,758,663.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,620 shares of company stock valued at $6,382,885. Corporate insiders own 4.05% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Gradient Investments LLC acquired a new position in shares of American Equity Investment Life during the 4th quarter worth $101,000. Everence Capital Management Inc. acquired a new position in shares of American Equity Investment Life during the 4th quarter worth $209,000. V Wealth Management LLC acquired a new position in shares of American Equity Investment Life during the 4th quarter worth $209,000. Alps Advisors Inc. acquired a new position in shares of American Equity Investment Life during the 4th quarter worth $223,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of American Equity Investment Life during the 4th quarter worth $239,000. 93.49% of the stock is owned by institutional investors.
AEL traded down $0.45 during trading on Friday, hitting $28.86. The stock had a trading volume of 464,850 shares, compared to its average volume of 555,404. The company has a market capitalization of $2,593.94, a PE ratio of 9.13 and a beta of 2.45. American Equity Investment Life has a one year low of $22.23 and a one year high of $35.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12.
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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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