American Equity Investment Life Holding (NYSE:AEL) is expected to report quarterly sales of $553.26 million


Stock analysts predict that American Equity Investment Life Holding (NYSE:AELGet a rating) will announce sales of $553.26 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts provided earnings estimates for American Equity Investment Life. The highest sales estimate is $560.60 million and the lowest is $547.30 million. American Equity Investment Life recorded sales of $499.32 million in the same quarter last year, indicating a positive year-over-year growth rate of 10.8%. The company is due to release its next quarterly results on Monday, January 1.

On average, analysts expect American Equity Investment Life to post annual sales of $2.24 billion in the current fiscal year, with estimates ranging from $2.19 billion to $2.26 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $2.31 billion, with estimates ranging from $2.24 billion to $2.39 billion. Zacks Investment Research sales averages are an average average based on a survey of analysts who provide coverage for American Equity Investment Life.

Investment in American Life stocks (NYSE:AELGet 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, matching the consensus estimate of $0.92. The company posted revenue of $147.80 million in the quarter, compared to $612.85 million expected by analysts. American Equity Investment Life posted a net margin of 26.35% and a return on equity of 7.26%. The company’s quarterly revenue was down 84.6% from the same quarter last year. During the same quarter last year, the company posted EPS of $0.43.

Several equity research analysts have recently commented on the stock. Jefferies Financial Group assumed stock coverage for American Equity Investment Life in a Tuesday, Jan. 25, research report. They set a “holding” rating and a price target of $42.00 for the company. Zacks Investment Research upgraded shares of American Equity Investment Life from a “sell” rating to a “hold” rating and set a price target of $37.00 for the company in a Tuesday, May 10 research report. StockNews.com upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating in a research report on Thursday. 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 research report. February 22. Four equity research analysts gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $42.18.

In other news, EVP Ronald James Grensteiner sold 9,188 shares of the company in a trade on Tuesday, April 12. The shares were sold at an average price of $38.31, for a total value of $351,992.28. Following the sale, the executive vice president now owns 89,039 shares of the company, valued at $3,411,084.09. The sale was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, director Joyce Ann Chapman sold 3,856 shares of the company in a trade on Wednesday, March 9. The stock was sold at an average price of $38.26, for a total transaction of $147,530.56. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 29,007 shares of the company worth $1,112,023. Insiders hold 1.90% of the shares of the company.

Several hedge funds have recently changed their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of American Equity Investment Life in Q4 valued at approximately $27,000. Byrne Asset Management LLC increased its equity stake in American Equity Investment Life to 95.9% in Q1. Byrne Asset Management LLC now owns 960 shares of the financial services provider valued at $38,000 after purchasing an additional 470 shares during the period. Strs Ohio bought a new stake in shares of American Equity Investment Life in Q4, valued at around $42,000. Covestor Ltd purchased a new stake in shares of American Equity Investment Life in Q4 valued at approximately $61,000. Finally, Counterpoint Mutual Funds LLC acquired a new equity stake in American Equity Investment Life in Q1 valued at approximately $65,000. 95.15% of the shares are currently held by institutional investors and hedge funds.

ALE opened at $34.02 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.20 and a debt ratio of 0.11. The stock has a market capitalization of $3.17 billion, a PE ratio of 4.60 and a beta of 1.10. American Equity Investment Life has a 1 year minimum of $27.12 and a 1 year maximum of $44.49. The company has a 50-day moving average price of $38.42 and a two-hundred-day moving average price of $38.32.

About American Equity Investment Life (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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Earnings history and estimates for American Equity Investment Life (NYSE:AEL)



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