American Equity Investment Life (NYSE:AEL) is set to issue its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.
American Equity Investment Life (NYSE:AEL) last posted its quarterly earnings results on Monday, August 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.85 by $0.10. The business had revenue of $685.50 million for the quarter, compared to analysts’ expectations of $589.40 million. American Equity Investment Life had a net margin of 11.14% and a return on equity of 12.32%. American Equity Investment Life’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, analysts expect American Equity Investment Life to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE:AEL opened at $32.02 on Friday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 10.13 and a beta of 2.54. American Equity Investment Life has a 1 year low of $27.06 and a 1 year high of $38.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.12 and a quick ratio of 0.12.
A number of brokerages recently issued reports on AEL. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of American Equity Investment Life in a report on Friday, July 13th. ValuEngine cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Royal Bank of Canada set a $38.00 price objective on shares of American Equity Investment Life and gave the stock a “buy” rating in a report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Equity Investment Life has an average rating of “Buy” and a consensus price target of $36.17.
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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