Brokerages Expect American Equity Investment Life Holding (AEL) Will Announce Earnings of $0.85 Per Share

Equities analysts expect American Equity Investment Life Holding (NYSE:AEL) to announce $0.85 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Equity Investment Life’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.86. American Equity Investment Life posted earnings per share of $0.71 during the same quarter last year, which suggests a positive year over year growth rate of 19.7%. The company is scheduled to issue its next earnings results on Wednesday, August 1st.

On average, analysts expect that American Equity Investment Life will report full-year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.38 to $3.50. For the next year, analysts anticipate that the firm will post earnings of $3.66 per share, with EPS estimates ranging from $3.57 to $3.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. American Equity Investment Life had a net margin of 8.49% and a return on equity of 11.22%. The company had revenue of $510.78 million for the quarter, compared to the consensus estimate of $514.11 million. During the same period in the prior year, the firm posted $0.66 EPS.

A number of equities research analysts have commented on AEL shares. ValuEngine raised shares of American Equity Investment Life from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. Zacks Investment Research downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Finally, UBS Group raised shares of American Equity Investment Life from a “sell” rating to a “neutral” rating in a research report on Friday, May 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.86.

Shares of NYSE:AEL traded down $0.35 during trading hours on Tuesday, reaching $35.62. The stock had a trading volume of 15,515 shares, compared to its average volume of 724,522. American Equity Investment Life has a 1 year low of $25.43 and a 1 year high of $37.16. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.24 billion, a PE ratio of 11.28 and a beta of 2.48.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd purchased a new position in shares of American Equity Investment Life in the 1st quarter valued at $188,000. BKS Advisors LLC purchased a new position in shares of American Equity Investment Life in the 1st quarter valued at $207,000. GSA Capital Partners LLP purchased a new position in shares of American Equity Investment Life in the 1st quarter valued at $233,000. BTC Capital Management Inc. purchased a new position in shares of American Equity Investment Life in the 1st quarter valued at $244,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of American Equity Investment Life in the 4th quarter valued at $254,000. 93.45% of the stock is currently owned by hedge funds and other institutional investors.

About American Equity Investment Life

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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