Brokerages Anticipate American Equity Investment Life Holding (AEL) Will Announce Earnings of $0.87 Per Share

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Wall Street brokerages predict that American Equity Investment Life Holding (NYSE:AEL) will report $0.87 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Equity Investment Life’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.86. American Equity Investment Life posted earnings per share of $0.96 in the same quarter last year, which suggests a negative year over year growth rate of 9.4%. The firm is scheduled to report its next earnings results on Monday, November 5th.

On average, analysts expect that American Equity Investment Life will report full year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.60. For the next year, analysts anticipate that the firm will post earnings of $3.72 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks’ 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 released its earnings results on Monday, August 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $685.50 million during the quarter, compared to the consensus estimate of $589.40 million. American Equity Investment Life had a return on equity of 12.32% and a net margin of 11.14%. The company’s revenue was down 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS.

Several analysts recently weighed in on AEL shares. Royal Bank of Canada set a $38.00 price objective on American Equity Investment Life and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. ValuEngine downgraded American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Sandler O’Neill restated a “buy” rating and set a $41.00 price objective on shares of American Equity Investment Life in a research report on Friday, July 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $35.14.

Shares of NYSE:AEL traded down $0.08 during trading on Friday, reaching $36.66. 5,302 shares of the company traded hands, compared to its average volume of 383,449. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 11.60 and a beta of 2.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life has a 52 week low of $27.06 and a 52 week high of $38.56.

A number of institutional investors and hedge funds have recently modified their holdings of AEL. Principal Financial Group Inc. increased its stake in shares of American Equity Investment Life by 56.1% in the first quarter. Principal Financial Group Inc. now owns 1,158,624 shares of the financial services provider’s stock valued at $34,018,000 after buying an additional 416,514 shares during the period. Swiss National Bank increased its stake in shares of American Equity Investment Life by 1.9% in the second quarter. Swiss National Bank now owns 150,000 shares of the financial services provider’s stock valued at $5,400,000 after buying an additional 2,800 shares during the period. Russell Investments Group Ltd. increased its stake in shares of American Equity Investment Life by 16.3% in the first quarter. Russell Investments Group Ltd. now owns 607,000 shares of the financial services provider’s stock valued at $17,821,000 after buying an additional 84,982 shares during the period. Comerica Bank increased its stake in shares of American Equity Investment Life by 3.0% in the second quarter. Comerica Bank now owns 104,784 shares of the financial services provider’s stock valued at $3,678,000 after buying an additional 3,042 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of American Equity Investment Life by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 960,657 shares of the financial services provider’s stock valued at $28,205,000 after buying an additional 55,801 shares during the period. 94.69% of the stock is owned by institutional investors and hedge funds.

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

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