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American Equity Investment Life Holding (AEL) Expected to Announce Earnings of $0.91 Per Share
Posted byKim JohansenonFeb 25th, 2019//No Comments
Wall Street brokerages predict that American Equity Investment Life Holding (NYSE:AEL) will report earnings per share (EPS) of $0.91 for the current fiscal quarter,Zacks Investment Researchreports. Two analysts have provided estimates for American Equity Investment Lifes earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.92. American Equity Investment Life posted earnings of $0.85 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The company is scheduled to report its next earnings report on Wednesday, May 1st.
On average, analysts expect that American Equity Investment Life will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.90. For the next financial year, analysts anticipate that the business will post earnings of $3.95 per share, with EPS estimates ranging from $3.90 to $4.10. Zacks earnings per share calculations are a mean average based on a survey of research analysts that follow American Equity Investment Life.
American Equity Investment Life (NYSE:AEL) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share for the quarter, topping the Zacks consensus estimate of $0.90 by $0.09. The business had revenue of $554.36 million for the quarter, compared to analysts expectations of $556.20 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 14.00%. During the same quarter in the prior year, the company earned $0.82 earnings per share.
Several research analysts have recently issued reports on the stock.Zacks Investment Researchupgraded shares of American Equity Investment Life from a sell rating to a hold rating in a research note on Wednesday.ValuEnginedowngraded shares of American Equity Investment Life from a hold rating to a sell rating in a research note on Thursday, December 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the companys stock. American Equity Investment Life currently has a consensus rating of Hold and an average target price of $37.25.
Shares ofNYSE AELtraded up $0.06 during midday trading on Friday, hitting $32.89. The stock had a trading volume of 527,923 shares, compared to its average volume of 397,259. The company has a market cap of $2.97 billion, a PE ratio of 7.06 and a beta of 2.26. American Equity Investment Life has a 52 week low of $25.27 and a 52 week high of $38.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.11 and a current ratio of 0.10.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new position in American Equity Investment Life during the fourth quarter valued at approximately $34,000. Royce Associates LP bought a new position in American Equity Investment Life during the fourth quarter valued at approximately $49,000. Meeder Asset Management Inc. lifted its position in American Equity Investment Life by 149.7% during the fourth quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services providers stock valued at $74,000 after purchasing an additional 1,576 shares during the period. Vigilant Capital Management LLC lifted its position in American Equity Investment Life by 16.1% during the fourth quarter. Vigilant Capital Management LLC now owns 3,600 shares of the financial services providers stock valued at $101,000 after purchasing an additional 500 shares during the period. Finally, Gradient Investments LLC lifted its position in American Equity Investment Life by 12.2% during the fourth quarter. Gradient Investments LLC now owns 4,149 shares of the financial services providers stock valued at $116,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 93.11% of the companys stock.
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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