Equities analysts expect that American Equity Investment Life Holding (NYSE:AEL) will report $526.17 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Equity Investment Life’s earnings, with the lowest sales estimate coming in at $514.11 million and the highest estimate coming in at $538.22 million. American Equity Investment Life posted sales of $500.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, November 5th.

On average, analysts expect that American Equity Investment Life will report full year sales of $2.11 billion for the current fiscal year, with estimates ranging from $2.08 billion to $2.13 billion. For the next financial year, analysts expect that the company will report sales of $2.24 billion, with estimates ranging from $2.16 billion to $2.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last posted its earnings results on Monday, August 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.85 by $0.10. American Equity Investment Life had a net margin of 11.14% and a return on equity of 12.32%. The business had revenue of $685.50 million for the quarter, compared to the consensus estimate of $589.40 million. During the same period last year, the company earned $0.71 EPS. The firm’s revenue was down 16.3% compared to the same quarter last year.

Several research firms recently commented on AEL. ValuEngine downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of American Equity Investment Life from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, June 20th. Sandler O’Neill reiterated a “buy” rating and set a $41.00 target price on shares of American Equity Investment Life in a research report on Friday, July 13th. Finally, Royal Bank of Canada set a $38.00 target price on shares of American Equity Investment Life and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $35.14.

NYSE:AEL traded down $0.17 during mid-day trading on Wednesday, hitting $32.84. 610,292 shares of the company’s stock were exchanged, compared to its average volume of 545,024. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.12 and a quick ratio of 0.12. American Equity Investment Life has a fifty-two week low of $27.06 and a fifty-two week high of $38.56. The company has a market cap of $3.19 billion, a PE ratio of 10.39 and a beta of 2.54.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of American Equity Investment Life by 36.5% in the 2nd quarter. BlackRock Inc. now owns 11,820,562 shares of the financial services provider’s stock worth $425,541,000 after purchasing an additional 3,158,288 shares during the period. Macquarie Group Ltd. increased its stake in shares of American Equity Investment Life by 2.4% in the 2nd quarter. Macquarie Group Ltd. now owns 3,620,526 shares of the financial services provider’s stock valued at $130,339,000 after acquiring an additional 84,229 shares in the last quarter. Earnest Partners LLC increased its stake in shares of American Equity Investment Life by 1.5% in the 1st quarter. Earnest Partners LLC now owns 2,661,076 shares of the financial services provider’s stock valued at $78,129,000 after acquiring an additional 39,246 shares in the last quarter. Northern Trust Corp increased its stake in shares of American Equity Investment Life by 1.5% in the 2nd quarter. Northern Trust Corp now owns 2,345,397 shares of the financial services provider’s stock valued at $84,434,000 after acquiring an additional 33,959 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of American Equity Investment Life by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 1,573,125 shares of the financial services provider’s stock valued at $56,633,000 after acquiring an additional 71,342 shares in the last quarter. Hedge funds and other institutional investors own 94.69% 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. 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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