American Equity Investment Life Holding (NYSE:AEL) is expected to report earnings of $1.03 per share
Wall Street analysts expect American Equity Investment Life Holding (NYSE:AEL – Get a rating) will report earnings per share of $1.03 for the current fiscal quarter, according to Zacks. Four analysts provided earnings estimates for American Equity Investment Life, with the highest EPS estimate of $1.07 and the lowest estimate of $0.97. American Equity Investment Life reported earnings of $0.98 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 5.1%. The company is due to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect American Equity Investment Life to report annual earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.35 . For the next fiscal year, analysts expect the company to post earnings of $5.16 per share, with EPS estimates ranging from $4.95 to $5.30. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who cover American Equity Investment Life.
American Equity Investment Life (NYSE: AEL – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The financial services provider reported earnings per share of $0.92 for the quarter, hitting the consensus estimate of $0.92. American Equity Investment Life posted a net margin of 26.35% and a return on equity of 7.26%. The company posted revenue of $147.80 million in the quarter, compared to $612.85 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.43. American Equity Investment Life’s revenue was down 84.6% year over year.
Several research analysts have recently weighed in on AEL shares. StockNews.com upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of American Equity Investment Life from a “sell” rating to a “hold” rating and set a target price of $37.00 for the company in a report released Tuesday. Jefferies Financial Group began covering shares of American Equity Investment Life in a report on Tuesday, January 25. They set a “hold” rating and a target price of $42.00 for the company. Finally, Morgan Stanley raised its price target on American Equity Investment Life shares from $40.00 to $41.00 and gave the stock an “equal weight” rating in a Tuesday, February 22 report. . Four investment analysts gave the stock a hold rating and seven gave the stock a buy rating. Based on MarketBeat data, American Equity Investment Life currently has an average rating of “Buy” and an average target price of $42.18.
In related news, Director Joyce Ann Chapman sold 3,856 shares of the company in a trade on Wednesday, March 9. The shares were sold at an average price of $38.26, for a total value of $147,530.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Also, VPE Ronald James Grensteiner sold 9,188 shares of the company in a trade on Tuesday, April 12. The stock was sold at an average price of $38.31, for a total transaction of $351,992.28. Following the completion of the transaction, the executive vice president now directly owns 89,039 shares of the company, valued at $3,411,084.09. Disclosure of this sale can be found here. Insiders sold a total of 29,007 shares of the company valued at $1,112,023 over the past three months. 1.90% of the shares are held by insiders of the company.
A number of large investors have recently changed their AEL holdings. EverSource Wealth Advisors LLC acquired a new equity stake in American Equity Investment Life in the fourth quarter, valued at approximately $27,000. Byrne Asset Management LLC raised its position in American Equity Investment Life shares by 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider valued at $38,000 after buying an additional 470 shares in the last quarter. Strs Ohio acquired a new stake in shares of American Equity Investment Life in the fourth quarter valued at approximately $42,000. Covestor Ltd acquired a new stake in shares of American Equity Investment Life in the fourth quarter valued at approximately $61,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of American Equity Investment Life in the first quarter valued at approximately $65,000. Institutional investors and hedge funds own 95.15% of the company’s shares.
AEL stock traded at $0.66 during Friday’s trading, hitting $34.33. The company had a trading volume of 4,003 shares, compared to an average volume of 448,442. The company has a quick ratio of 0.20, a current ratio of 0.17 and a leverage ratio of 0.11. The company has a 50-day moving average price of $38.44 and a 200-day moving average price of $38.31. American Equity Investment Life has a 12-month low of $27.12 and a 12-month high of $44.49. The stock has a market capitalization of $3.19 billion, a price-earnings ratio of 4.65 and a beta of 1.10.
American Equity Investment Life Insurance Company Profile (Get a rating)
American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products in the United States. The company issues index and fixed 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 advisers.
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