Zacks: Analysts Expect American Equity Investment Life Holding (AEL) Will Post Quarterly Sales of $555.51 Million

Equities research analysts expect American Equity Investment Life Holding (NYSE:AEL) to announce sales of $555.51 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Equity Investment Life’s earnings, with the lowest sales estimate coming in at $551.03 million and the highest estimate coming in at $559.99 million. American Equity Investment Life reported sales of $510.78 million during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 1st.

On average, analysts expect that American Equity Investment Life will report full year sales of $2.29 billion for the current year, with estimates ranging from $2.27 billion to $2.30 billion. For the next year, analysts forecast that the firm will post sales of $2.47 billion, with estimates ranging from $2.46 billion to $2.48 billion. Zacks Investment Research’s sales averages 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 issued its earnings results on Wednesday, February 6th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09. The firm had revenue of $554.36 million for the quarter, compared to the consensus estimate 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 firm posted $0.82 earnings per share.

Several brokerages have recently issued reports on AEL. Zacks Investment Research upgraded shares of American Equity Investment Life from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded shares of American Equity Investment Life from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of American Equity Investment Life by 2.5% during the fourth quarter. BlackRock Inc. now owns 13,183,271 shares of the financial services provider’s stock valued at $368,342,000 after purchasing an additional 327,661 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of American Equity Investment Life by 1.8% during the third quarter. Vanguard Group Inc now owns 9,946,945 shares of the financial services provider’s stock valued at $351,723,000 after purchasing an additional 178,741 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of American Equity Investment Life by 1.8% during the third quarter. Vanguard Group Inc. now owns 9,946,945 shares of the financial services provider’s stock valued at $351,723,000 after purchasing an additional 178,741 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Equity Investment Life by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,446,044 shares of the financial services provider’s stock valued at $208,042,000 after purchasing an additional 48,459 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of American Equity Investment Life by 1.7% during the fourth quarter. Macquarie Group Ltd. now owns 4,001,185 shares of the financial services provider’s stock valued at $111,793,000 after purchasing an additional 68,620 shares during the last quarter. 93.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE AEL opened at $29.26 on Thursday. The company has a market capitalization of $2.74 billion, a PE ratio of 6.28 and a beta of 2.30. 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 0.10 and a current ratio of 0.10.

About American Equity Investment Life

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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