American Equity Investment Life (AEL) Posts Quarterly Earnings Results, Beats Estimates By $0.99 EPS

American Equity Investment Life (NYSE:AEL) announced its quarterly earnings data on Monday. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.99, Briefing.com reports. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $600.27 million. American Equity Investment Life had a return on equity of 12.32% and a net margin of 11.14%. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS.

Shares of NYSE AEL opened at $32.52 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.12 and a quick ratio of 0.12. American Equity Investment Life has a twelve month low of $27.06 and a twelve month high of $38.56. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 10.29 and a beta of 2.51.

Several equities research analysts recently weighed in on the company. Sandler O’Neill restated a “buy” rating and set a $41.00 target price on shares of American Equity Investment Life in a research note on Friday, July 13th. ValuEngine cut American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Royal Bank of Canada set a $38.00 target price on American Equity Investment Life and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $36.17.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/11/06/american-equity-investment-life-ael-posts-quarterly-earnings-results-beats-estimates-by-0-99-eps.html.

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.

Recommended Story: What is Cost of Capital?

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

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply