Brokers expect American Equity Investment Life Holding (NYSE:AEL) to post $0.94 per share profit


Brokers anticipate that American Equity Investment Life Holding (NYSE:AELGet a rating) will report earnings per share (EPS) of $0.94 for the current quarter, Zacks Investment Research reports. Four analysts released earnings estimates for American Equity Investment Life, with the lowest EPS estimate at $0.73 and the highest at $1.07. American Equity Investment Life reported earnings of $0.98 per share in the same quarter last year, suggesting a negative 4.1% year-over-year growth rate. The company is due to announce its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect American Equity Investment Life to report annual earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.30 to $4.35 . For the next fiscal year, analysts expect the company to post earnings of $5.03 per share, with EPS estimates ranging from $4.65 to $5.25. Zacks earnings per share averages are an average based on a survey of research firms that track 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 EPS of $0.92 for the quarter, missing analyst consensus estimates of $0.95 per ($0.03). American Equity Investment Life achieved a return on equity of 7.26% and a net margin of 26.35%. The company posted revenue of $147.80 million in the quarter, compared to $612.85 million expected by analysts. In the same quarter last year, the company earned $0.43 per share. The company’s revenue for the quarter was down 84.6% from the same quarter last year.

AEL has been the subject of several recent research reports. StockNews.com downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a Friday, May 20 research report. Zacks Investment Research upgraded American Equity Investment Life from a “sell” to a “hold” rating and set a price target of $37.00 for the company in a Tuesday, May 10 report. Finally, Morgan Stanley raised its price target on American Equity Investment Life from $40.00 to $41.00 and gave the company an “equal weight” rating in a Tuesday, February 22 research report. Five research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $42.18.

NYSE AEL traded down $0.34 during Friday’s midday session, hitting $40.24. The company’s shares had a trading volume of 10,222 shares, compared to an average volume of 573,159. The company has a market capitalization of $3.74 billion, a P/E ratio of 5.45 and a beta of 1.09. The company has a debt ratio of 0.11, a current ratio of 0.17 and a quick ratio of 0.17. American Equity Investment Life has a 52-week low of $27.12 and a 52-week high of $44.49. The stock’s fifty-day simple moving average is $38.35 and its two-hundred-day simple moving average is $38.73.

In other news, EVP Ronald James Grensteiner sold 15,963 shares of the company in a transaction that took place on Monday, March 14. The shares were sold at an average price of $38.37, for a total transaction of $612,500.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, Director Joyce Ann Chapman sold 3,856 shares of American Equity Investment Life 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 three months, insiders have sold 29,007 shares of the company valued at $1,112,023. 1.90% of the shares are currently held by insiders.

Hedge funds have recently changed their holdings in the company. First Trust Advisors LP increased its stake in American Equity Investment Life by 35.4% in the first quarter. First Trust Advisors LP now owns 93,246 shares of the financial services provider valued at $2,520,000 after buying an additional 24,396 shares in the last quarter. Morgan Stanley increased its position in American Equity Investment Life shares by 19.6% in the second quarter. Morgan Stanley now owns 394,595 shares of the financial services provider worth $12,754,000 after acquiring an additional 64,764 shares last quarter. Renaissance Technologies LLC increased its equity stake in American Equity Investment Life by 64.5% in Q3. Renaissance Technologies LLC now owns 149,700 shares of the financial services provider valued at $4,427,000 after acquiring an additional 58,700 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in the shares of American Equity Investment Life during Q3 valued at approximately $259,000. Finally, Invesco Ltd. increased its stake in American Equity Investment Life by 19.3% during the third quarter. Invesco Ltd. now owns 1,676,174 shares of the financial services provider worth $49,565,000 after purchasing an additional 271,562 shares in the last quarter. 95.15% of the shares are currently held by institutional investors and hedge funds.

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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