Analysts Anticipate American Equity Investment Life Holding (AEL) Will Post Earnings of $0.90 Per Share

Equities research analysts expect American Equity Investment Life Holding (NYSE:AEL) to report earnings of $0.90 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Equity Investment Life’s earnings, with estimates ranging from $0.90 to $0.91. American Equity Investment Life reported earnings per share of $0.82 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The company is scheduled to report its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that American Equity Investment Life will report full year earnings of $4.34 per share for the current year, with EPS estimates ranging from $3.66 to $4.58. For the next year, analysts anticipate that the business will post earnings of $3.78 per share, with EPS estimates ranging from $3.70 to $3.90. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.99. American Equity Investment Life had a net margin of 13.62% and a return on equity of 12.77%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $600.27 million. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue was up 31.8% compared to the same quarter last year.

Separately, Royal Bank of Canada set a $38.00 price target on shares of American Equity Investment Life and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.17.

A number of institutional investors and hedge funds have recently modified their holdings of AEL. Point72 Hong Kong Ltd acquired a new position in American Equity Investment Life during the third quarter worth about $161,000. 6 Meridian acquired a new position in American Equity Investment Life during the second quarter worth about $206,000. Raymond James Financial Services Advisors Inc. acquired a new position in American Equity Investment Life during the second quarter worth about $209,000. Zeke Capital Advisors LLC acquired a new position in American Equity Investment Life during the second quarter worth about $217,000. Finally, Sawtooth Solutions LLC acquired a new position in American Equity Investment Life during the second quarter worth about $238,000. Institutional investors own 93.58% of the company’s stock.

Shares of American Equity Investment Life stock traded up $0.44 on Friday, reaching $34.13. 459,664 shares of the stock were exchanged, compared to its average volume of 435,469. American Equity Investment Life has a 1-year low of $27.06 and a 1-year high of $38.56. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 10.80 and a beta of 2.51.

The company also recently declared an annual dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.28 per share. This represents a dividend yield of 0.82%. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.26. The ex-dividend date of this dividend is Tuesday, November 27th. American Equity Investment Life’s payout ratio is 8.86%.

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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