Zacks: Analysts expect American Equity Investment Life Holding (NYSE:AEL) to report EPS of $0.95
Wall Street brokerages expect American Equity Investment Life Holding (NYSE:AEL – Get a rating) will post earnings per share of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Four analysts released earnings estimates for American Equity Investment Life, with the lowest EPS estimate at $0.84 and the highest at $1.02. American Equity Investment Life reported earnings of $0.43 per share in the same quarter last year, suggesting a positive growth rate of 120.9% year over year. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect American Equity Investment Life to report annual earnings of $4.26 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $4.40 . For the next fiscal year, analysts expect the company to post earnings of $5.08 per share, with EPS estimates ranging from $4.50 to $5.30. Zacks earnings per share averages are an average based on a survey of research analysts who cover American Equity Investment Life.
Investment in American Life equities (NYSE:AEL – Get a rating) last released its quarterly results on Thursday, February 17. The financial services provider reported earnings per share (EPS) of $1.04 for the quarter, missing the consensus estimate of $1.05 per ($0.01). The company posted revenue of $514.60 million in the quarter, compared to analyst estimates of $506.04 million. American Equity Investment Life posted a net margin of 12.85% and a return on equity of 6.27%. During the same period a year earlier, the company posted EPS of $0.77.
A number of equity analysts have weighed in on AEL shares recently. Zacks Investment Research downgraded shares of American Equity Investment Life from a “strong buy” rating to a “hold” rating and set a price target of $42.00 for the stock. in a report on Tuesday, January 4. Evercore ISI upgraded American Equity Investment Life from an “in-line” rating to an “outperforming” rating and raised its price target for the company from $34.00 to $46.00 in a Wednesday 5 research note. january. Raymond James raised his price target on American Equity Investment Life from $40.00 to $44.00 and gave the company an “outperform” rating in a Monday, Jan. 10 research note. JPMorgan Chase & Co. raised its price target on American Equity Investment Life from $37.00 to $41.00 in a Tuesday, January 4 research note. 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, Feb. 22 research note. Five investment analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, American Equity Investment Life currently has an average rating of “Buy” and a consensus price target of $42.64.
In related news, EVP Ronald James Grensteiner sold 15,963 shares of the company in a transaction that took place on Monday, March 14. The stock was sold at an average price of $38.37, for a total transaction of $612,500.31. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Additionally, director Joyce Ann Chapman sold 3,856 shares of the company in a trade that took place on Wednesday, March 9. The shares were sold at an average price of $38.26, for a total value 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. Insiders own 1.90% of the shares of the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stock position in American Equity Investment Life during the fourth quarter, valued at $27,000. Byrne Asset Management LLC increased its position in American Equity Investment Life shares by 95.9% during 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 bought a new stake in shares of American Equity Investment Life during the fourth quarter, valued at $42,000. Covestor Ltd bought a new stake in shares of American Equity Investment Life during the fourth quarter at a value of $61,000. Finally, Signaturefd LLC increased its position in American Equity Investment Life shares by 205.4% during the third 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. Institutional investors and hedge funds hold 93.49% of the company’s shares.
ALE opened at $38.88 on Friday. The company’s fifty-day moving average price is $38.93 and its two-hundred-day moving average price is $37.88. The company has a debt ratio of 0.09, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $3.77 billion, a price-earnings ratio of 8.56 and a beta of 1.13. American Equity Investment Life has a 1 year minimum of $27.12 and a 1 year maximum of $44.49.
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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for American Equity Investment Life Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for American Equity Investment Life and related companies with MarketBeat.com’s FREE daily email newsletter.