Brokerages predict that American Equity Investment Life Holding (NYSE:AEL) will post sales of $554.04 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Equity Investment Life’s earnings. The highest sales estimate is $558.80 million and the lowest is $549.28 million. American Equity Investment Life reported sales of $512.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is expected to report its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that American Equity Investment Life will report full year sales of $2.14 billion for the current year, with estimates ranging from $2.13 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.33 billion, with estimates ranging from $2.32 billion to $2.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $600.27 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 31.8% on a year-over-year basis.

AEL has been the subject of a number of recent research reports. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price target on shares of American Equity Investment Life in a research note on Friday, July 13th. ValuEngine downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.17.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in American Equity Investment Life by 8.8% during the third quarter. BlackRock Inc. now owns 12,855,610 shares of the financial services provider’s stock worth $454,574,000 after purchasing an additional 1,035,048 shares in the last quarter. Macquarie Group Ltd. raised its holdings in American Equity Investment Life by 2.4% during the second quarter. Macquarie Group Ltd. now owns 3,620,526 shares of the financial services provider’s stock worth $130,339,000 after purchasing an additional 84,229 shares in the last quarter. Northern Trust Corp raised its holdings in American Equity Investment Life by 1.5% during the second quarter. Northern Trust Corp now owns 2,345,397 shares of the financial services provider’s stock worth $84,434,000 after purchasing an additional 33,959 shares in the last quarter. Bank of America Corp DE raised its holdings in American Equity Investment Life by 4.8% during the second quarter. Bank of America Corp DE now owns 1,573,125 shares of the financial services provider’s stock worth $56,633,000 after purchasing an additional 71,342 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in American Equity Investment Life by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,227,330 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 71,186 shares in the last quarter. 93.61% of the stock is currently owned by institutional investors.

American Equity Investment Life stock traded down $0.93 during trading on Friday, reaching $34.84. The stock had a trading volume of 349,305 shares, compared to its average volume of 477,252. American Equity Investment Life has a 52-week low of $27.06 and a 52-week high of $38.56. The company has a quick ratio of 0.12, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.16 billion, a P/E ratio of 11.03 and a beta of 2.51.

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. 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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