Zacks: Analysts Anticipate American Equity Investment Life Holding (AEL) Will Post Earnings of $0.83 Per Share

Analysts forecast that American Equity Investment Life Holding (NYSE:AEL) will announce earnings per share of $0.83 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for American Equity Investment Life’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.80. American Equity Investment Life reported earnings per share of $0.66 during the same quarter last year, which would suggest a positive year over year growth rate of 25.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that American Equity Investment Life will report full year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.35 to $3.45. For the next financial year, analysts expect that the business will report earnings of $3.60 per share, with EPS estimates ranging from $3.45 to $3.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $550.89 million. American Equity Investment Life had a net margin of 4.49% and a return on equity of 10.65%. The business’s revenue for the quarter was up 99.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

AEL has been the subject of several recent research reports. ValuEngine cut shares of American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. SunTrust Banks reiterated a “buy” rating and set a $38.00 target price on shares of American Equity Investment Life in a research report on Friday, February 9th. UBS initiated coverage on shares of American Equity Investment Life in a research report on Friday, March 2nd. They set a “sell” rating and a $30.00 target price for the company. Finally, Zacks Investment Research cut shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. American Equity Investment Life currently has an average rating of “Hold” and a consensus price target of $30.88.

In related news, Director Alexander Meeker Clark sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.75, for a total value of $81,875.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $196,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Debra J. Richardson sold 108,350 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $31.05, for a total transaction of $3,364,267.50. Following the completion of the transaction, the director now directly owns 140,253 shares of the company’s stock, valued at $4,354,855.65. The disclosure for this sale can be found here. Insiders sold a total of 206,620 shares of company stock valued at $6,382,885 in the last three months. 4.05% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd lifted its position in American Equity Investment Life by 39.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 16,700 shares of the financial services provider’s stock worth $486,000 after buying an additional 4,700 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in American Equity Investment Life by 264.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 36,100 shares of the financial services provider’s stock worth $1,049,000 after buying an additional 26,200 shares in the last quarter. Jane Street Group LLC bought a new stake in American Equity Investment Life during the 3rd quarter worth about $243,000. Algert Global LLC bought a new stake in American Equity Investment Life during the 3rd quarter worth about $315,000. Finally, Louisiana State Employees Retirement System lifted its position in American Equity Investment Life by 6.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 38,300 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 2,300 shares in the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.

Shares of American Equity Investment Life stock opened at $30.81 on Wednesday. The firm has a market cap of $2,775.50, a price-to-earnings ratio of 9.80 and a beta of 2.45. American Equity Investment Life has a 52 week low of $23.02 and a 52 week high of $35.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12.

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American Equity Investment Life Company Profile

American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and single premium immediate annuities, as well as life insurance products. The company markets its products through various distribution channels, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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Earnings History and Estimates for American Equity Investment Life (NYSE:AEL)

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