Zacks: Analysts Anticipate American Equity Investment Life Holding (NYSE:AEL) Will Announce Earnings of $0.97 Per Share

Analysts predict that American Equity Investment Life Holding (NYSE:AELGet Rating) will announce $0.97 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for American Equity Investment Life’s earnings. The lowest EPS estimate is $0.73 and the highest is $1.07. American Equity Investment Life posted earnings per share of $0.98 in the same quarter last year, which indicates a negative year over year growth rate of 1%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that American Equity Investment Life will report full year earnings of $4.06 per share for the current financial year, with EPS estimates ranging from $3.30 to $4.35. For the next financial year, analysts forecast that the firm will post earnings of $5.08 per share, with EPS estimates ranging from $4.85 to $5.25. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover American Equity Investment Life.

American Equity Investment Life (NYSE:AELGet Rating) last posted its earnings results on Wednesday, May 4th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.03). American Equity Investment Life had a net margin of 26.35% and a return on equity of 7.26%. The company had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $612.85 million. During the same period in the previous year, the company posted $0.43 EPS. American Equity Investment Life’s quarterly revenue was down 84.6% compared to the same quarter last year.

AEL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on American Equity Investment Life from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 22nd. Zacks Investment Research raised American Equity Investment Life from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a research note on Tuesday, May 10th. StockNews.com raised American Equity Investment Life from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Finally, Jefferies Financial Group started coverage on American Equity Investment Life in a research note on Tuesday, January 25th. They set a “hold” rating and a $42.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Equity Investment Life presently has an average rating of “Buy” and a consensus price target of $42.18.

AEL stock traded up $0.05 on Friday, reaching $37.36. The company had a trading volume of 15,196 shares, compared to its average volume of 497,630. American Equity Investment Life has a 1 year low of $27.12 and a 1 year high of $44.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.17. The company’s fifty day moving average is $38.36 and its 200 day moving average is $38.41. The company has a market cap of $3.48 billion, a P/E ratio of 5.05 and a beta of 1.10.

In related news, Director Joyce Ann Chapman sold 3,856 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $38.26, for a total value of $147,530.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald James Grensteiner sold 15,963 shares of the stock in a transaction on Monday, March 14th. The shares were sold at an average price of $38.37, for a total value of $612,500.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,007 shares of company stock worth $1,112,023. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in AEL. EverSource Wealth Advisors LLC acquired a new stake in shares of American Equity Investment Life during the fourth quarter valued at about $27,000. Byrne Asset Management LLC grew its stake in shares of American Equity Investment Life by 95.9% during the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 470 shares in the last quarter. Strs Ohio acquired a new stake in shares of American Equity Investment Life during the fourth quarter valued at about $42,000. Covestor Ltd acquired a new stake in shares of American Equity Investment Life during the fourth quarter valued at about $61,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of American Equity Investment Life during the first quarter valued at about $65,000. Institutional investors own 95.15% of the company’s stock.

About American Equity Investment Life (Get Rating)

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. It markets its products through independent agents, including independent 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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