Zacks: Analysts expect American Equity Investment Life Holding (NYSE:AEL) to report quarterly sales of $530.65 million


Brokers anticipate that American Equity Investment Life Holding (NYSE:AELGet a rating) will report revenue of $530.65 million for the current quarter, according to Zacks. Four analysts released earnings estimates for American Equity Investment Life. The highest sales estimate is $540.36 million and the lowest is $519.66 million. American Equity Investment Life reported sales of $497.19 million in the same quarter last year, indicating a positive year-over-year growth rate of 6.7%. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect American Equity Investment Life to report annual sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.13 billion to $2.23 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $2.28 billion, with estimates ranging from $2.23 billion to $2.40 billion. Zacks sales calculations 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 results on Thursday, February 17. The financial services provider reported EPS of $1.04 for the quarter, missing analyst consensus estimates of $1.05 per ($0.01). The company posted revenue of $514.60 million for the quarter, versus a consensus estimate of $506.04 million. American Equity Investment Life posted a return on equity of 6.27% and a net margin of 12.85%. In the same quarter a year earlier, the company posted EPS of $0.77.

Several brokerages have published reports on AEL. Raymond James raised its price target on shares of American Equity Investment Life from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, Jan. 10. 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 company. in a research report on Tuesday, January 4. Piper Sandler upgraded shares of American Equity Investment Life from a “neutral” rating to an “overweight” rating and raised her price target for the stock from $36.00 to $46.00 in a report of research from Wednesday, January 5. Evercore ISI upgraded shares of 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 report of research from Wednesday, January 5. To finish, StockNews.com began covering American Equity Investment Life stocks in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. Five investment analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $42.64.

In other news from American Equity Investment Life, EVP Ronald James Grensteiner sold 15,963 shares of the company in a trade 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 legal filing with the SEC, available at this hyperlink. 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 90 days, insiders have sold 30,713 shares of the company valued at $1,218,124. Insiders of the company own 1.90% of the shares of the company.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Byrne Asset Management LLC increased its stake in American Equity Investment Life shares to 95.9% in the first quarter. Byrne Asset Management LLC now owns 960 shares of the financial services provider worth $38,000 after buying an additional 470 shares in the last quarter. Norges Bank bought a new stake in shares of American Equity Investment Life in the fourth quarter worth $34,065,000. Barclays PLC increased its stake in shares of American Equity Investment Life by 25.1% in the fourth quarter. Barclays PLC now owns 119,571 shares of the financial services provider worth $4,653,000 after buying a further 24,003 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Equity Investment Life by 2.5% in the fourth quarter. BlackRock Inc. now owns 13,268,080 shares of the financial services provider worth $516,392,000 after purchasing an additional 323,823 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of American Equity Investment Life in the fourth quarter at a value of $271,000. 93.49% of the shares are currently held by hedge funds and other institutional investors.

AEL Stock traded at $0.36 in Friday’s midday session, reaching $37.40. 441,502 shares of the company were traded, against an average volume of 645,579. The company has a 50-day simple moving average of $39.53 and a 200-day simple moving average of $37.33. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt ratio of 0.09. The stock has a market capitalization of $3.63 billion, a PE ratio of 8.24 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.

See also

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



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