Analysts Expect American Equity Investment Life Holding (NYSE:AEL) Will Announce Earnings of $1.20 Per Share

Equities analysts forecast that American Equity Investment Life Holding (NYSE:AEL) will announce $1.20 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for American Equity Investment Life’s earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.15. American Equity Investment Life reported earnings per share of $0.97 in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.7%. The business is scheduled to announce its next earnings results on Wednesday, May 6th.

According to Zacks, analysts expect that American Equity Investment Life will report full-year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $5.10. For the next fiscal year, analysts anticipate that the business will report earnings of $5.01 per share, with EPS estimates ranging from $4.85 to $5.15. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.33. American Equity Investment Life had a return on equity of 14.49% and a net margin of 7.10%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $661.79 million. During the same quarter last year, the business posted $0.99 earnings per share.

A number of equities analysts have recently issued reports on AEL shares. B. Riley reduced their price target on American Equity Investment Life from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday. Zacks Investment Research raised shares of American Equity Investment Life from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a report on Monday, January 20th. TheStreet lowered shares of American Equity Investment Life from a “b-” rating to a “c+” rating in a report on Friday, March 13th. ValuEngine lowered shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a report on Friday, February 21st. Finally, Piper Sandler raised shares of American Equity Investment Life from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $30.00 to $25.00 in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.00.

Shares of American Equity Investment Life stock traded up $0.96 on Wednesday, hitting $12.71. 1,119,054 shares of the company traded hands, compared to its average volume of 631,493. The stock’s 50 day moving average price is $24.99 and its 200-day moving average price is $26.45. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.14. American Equity Investment Life has a 52 week low of $9.07 and a 52 week high of $34.16. The company has a market cap of $1.07 billion, a PE ratio of 4.74 and a beta of 1.84.

In related news, CEO Anant Bhalla purchased 4,075 shares of American Equity Investment Life stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $11.83 per share, for a total transaction of $48,207.25. Following the transaction, the chief executive officer now directly owns 475 shares in the company, valued at $5,619.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Debra J. Richardson sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $33.20, for a total transaction of $664,000.00. Following the transaction, the director now owns 106,022 shares of the company’s stock, valued at approximately $3,519,930.40. The disclosure for this sale can be found here. Corporate insiders own 1.99% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of American Equity Investment Life by 32.9% during the 4th quarter. Barclays PLC now owns 137,243 shares of the financial services provider’s stock worth $4,108,000 after purchasing an additional 34,006 shares during the last quarter. First Hawaiian Bank raised its holdings in American Equity Investment Life by 1.8% in the 4th quarter. First Hawaiian Bank now owns 29,837 shares of the financial services provider’s stock valued at $893,000 after acquiring an additional 520 shares during the last quarter. Millennium Management LLC raised its holdings in American Equity Investment Life by 32.1% in the 3rd quarter. Millennium Management LLC now owns 60,513 shares of the financial services provider’s stock valued at $1,464,000 after acquiring an additional 14,707 shares during the last quarter. Man Group plc raised its holdings in American Equity Investment Life by 45.1% in the 3rd quarter. Man Group plc now owns 787,684 shares of the financial services provider’s stock valued at $19,062,000 after acquiring an additional 244,964 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in American Equity Investment Life in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 95.12% of the company’s stock.

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. It markets its products through independent agents, 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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