Zacks: Analysts Expect American Equity Investment Life Holding (NYSE: AEL) to Post $ 1.01 Per Share Earnings

Analysts expect American Equity Investment Life Holding (NYSE: AEL) to report earnings per share of $ 1.01 for the current fiscal quarter, Zacks investment research reports. Three analysts provided earnings estimates for American Equity Investment Life, with the highest EPS estimate being $ 1.04 and the lowest estimate being $ 0.95. American Equity Investment Life reported earnings of $ 0.77 per share for the same quarter last year, which would indicate a positive year-over-year growth rate of 31.2%. The company is expected to announce its next earnings report on Wednesday, February 16.

According to Zacks, analysts expect American Equity Investment Life to report annual profit of $ 3.26 per share for the current year, with EPS estimates ranging from $ 3.21 to $ 3.30 . For the next fiscal year, analysts predict the company will report earnings of $ 4.96 per share, with EPS estimates ranging from $ 4.68 to $ 5.32. Zacks Investment Research earnings per share averages are an average based on a survey of seller-side research analysts who provide cover for American Equity Investment Life.

American Equity Investment Life (NYSE: AEL) last reported its results on Monday, November 8. The financial services provider reported EPS of $ 1.46 for the quarter, beating the consensus estimate of $ 0.76 by $ 0.70. The company posted revenue of $ 542.56 million for the quarter, compared to analysts’ estimates of $ 578.71 million. American Equity Investment Life recorded a return on equity of 5.87% and a net margin of 10.79%. American Equity Investment Life’s revenue for the quarter decreased 32.1% from the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.99.

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Several stock analysts recently commented on the company. Morgan Stanley raised its price target on American Equity Investment Life from $ 31.00 to $ 33.00 and gave the company an “equal weight” rating in a report released Thursday, October 14. Keefe, Bruyette & Woods upgraded American Equity Investment Life from a “market performance” rating to an “outperformance” rating and set a target price of $ 42.00 for the share in a report released on Wednesday 1st. December. Truist Securities raised its price target for American Equity Investment Life shares from $ 39.00 to $ 44.00 and assigned the company a “buy” rating in a research note on Thursday, November 11. Raymond James raised his price target for American Equity Investment Life shares from $ 37.00 to $ 40.00 and gave the company an “outperformance” rating in a research note on Thursday, November 18. Finally, the Royal Bank of Canada raised its price target for American Equity Investment Life shares from $ 38.00 to $ 41.00 and assigned the company an “outperformance” rating in a research note on. Thursday 11 November. Three equity research analysts rated the stock with a conservation rating, six issued a buy rating, and one gave the company a high buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 39.00.

Separately, CEO Anant Bhalla sold 10,214 shares of the company in a transaction dated Tuesday, November 30. The shares were sold for an average price of $ 29.64, for a total value of $ 302,742.96. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via this hyperlink. 1.90% of the shares are currently owned by company insiders.

A number of large investors have recently changed their positions in AEL. Fieldpoint Private Securities LLC increased its stake in American Equity Investment Life by 92.1% in the second quarter. Fieldpoint Private Securities LLC now owns 855 shares of the financial services provider valued at $ 29,000 after purchasing an additional 410 shares in the last quarter. Accel Wealth Management purchased a new position in American Equity Investment Life shares during the second quarter for a value of approximately $ 47,000. Signaturefd LLC increased its stake in American Equity Investment Life shares by 205.4% during the 3rd quarter. Signaturefd LLC now owns 1,655 shares of the financial services provider valued at $ 49,000 after purchasing an additional 1,113 shares in the last quarter. Denali Advisors LLC purchased a new position in American Equity Investment Life shares during the third quarter valued at approximately $ 83,000. Finally, Maverick Capital Ltd. purchased a new position in American Equity Investment Life stocks during the second quarter valued at approximately $ 96,000. Hedge funds and other institutional investors hold 90.64% of the company’s shares.

NYSE: AEL traded at $ 1.17 during trading hours on Monday, reaching $ 35.68. The company’s shares had a trade volume of 10,784 shares, compared to its average volume of 390,549. The stock has a market cap of $ 3.30 billion, a P / E ratio of 9.92 and a beta of 1.19. The stock has a fifty-day moving average of $ 34.75 and a 200-day moving average of $ 32.59. The company has a current ratio of 0.34, a quick ratio of 0.34, and a debt ratio of 0.09. American Equity Investment Life has a 52 week low of $ 26.21 and a 52 week high of $ 38.43.

The company also recently announced an annual dividend, which was paid on Monday, December 13. Shareholders of record on Monday, November 29 received a dividend of $ 0.34 per share. This is an increase from American Equity Investment Life’s previous annual dividend of $ 0.18. The ex-dividend date was Friday, November 26. This represents a dividend yield of 0.97%. American Equity Investment Life’s dividend payout ratio is 9.47%.

About American Equity Investment Life

American Equity Investment Life Holding Co is engaged in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgages, agricultural mortgages and residential mortgages. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

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