Equities analysts expect American Equity Investment Life Holding (NYSE:AEL) to report earnings per share (EPS) of $0.91 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Equity Investment Life’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.92. American Equity Investment Life reported earnings per share of $0.85 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that American Equity Investment Life will report full year earnings of $3.78 per share for the current financial year, with EPS estimates ranging from $3.70 to $3.90. For the next fiscal year, analysts forecast that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.90 to $4.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow American Equity Investment Life.
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American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. American Equity Investment Life had a return on equity of 14.00% and a net margin of 13.62%. The business had revenue of $554.36 million for the quarter, compared to the consensus estimate of $556.20 million. During the same period last year, the business posted $0.82 EPS.
AEL has been the topic of a number of analyst reports. Zacks Investment Research downgraded American Equity Investment Life from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. ValuEngine upgraded American Equity Investment Life from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.25.
Institutional investors have recently bought and sold shares of the company. Royce & Associates LP purchased a new position in shares of American Equity Investment Life in the 4th quarter valued at about $49,000. Meeder Asset Management Inc. lifted its stake in American Equity Investment Life by 149.7% during the fourth quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,576 shares in the last quarter. Vigilant Capital Management LLC lifted its stake in American Equity Investment Life by 16.1% during the fourth quarter. Vigilant Capital Management LLC now owns 3,600 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 500 shares in the last quarter. Gradient Investments LLC lifted its stake in American Equity Investment Life by 12.2% during the fourth quarter. Gradient Investments LLC now owns 4,149 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 450 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in American Equity Investment Life during the third quarter worth $161,000. 93.11% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:AEL traded down $0.04 on Friday, reaching $31.61. The company had a trading volume of 2,270 shares, compared to its average volume of 457,048. American Equity Investment Life has a 52-week low of $25.27 and a 52-week high of $38.56. The company has a market capitalization of $2.97 billion, a PE ratio of 6.79 and a beta of 2.26. The company has a current ratio of 0.10, a quick ratio of 0.11 and a debt-to-equity ratio of 0.31.
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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