American Equity Investment Life Holding Company (NYSE:AEL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
American Equity Investment Life Holding (NYSE:AEL) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The firm had revenue of $927.30 million for the quarter, compared to the consensus estimate of $532.31 million. American Equity Investment Life Holding had a net margin of 6.67% and a return on equity of 6.33%. The firm’s revenue was up 122.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, analysts expect American Equity Investment Life Holding to post $2.47 EPS for the current fiscal year and $2.55 EPS for the next fiscal year.
Shares of American Equity Investment Life Holding Company (AEL) opened at 27.18 on Monday. The company’s 50-day moving average is $26.35 and its 200-day moving average is $25.03. American Equity Investment Life Holding Company has a 12-month low of $15.07 and a 12-month high of $28.32. The stock has a market cap of $2.41 billion, a P/E ratio of 13.09 and a beta of 2.50.
A number of equities analysts recently issued reports on AEL shares. BidaskClub upgraded shares of American Equity Investment Life Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of American Equity Investment Life Holding in a research report on Monday, May 22nd. Keefe, Bruyette & Woods started coverage on shares of American Equity Investment Life Holding in a research report on Wednesday, April 26th. They issued a “market perform” rating and a $26.00 target price for the company. Zacks Investment Research lowered shares of American Equity Investment Life Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, FBR & Co lowered shares of American Equity Investment Life Holding from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $30.00 to $26.00 in a research report on Wednesday, June 7th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.13.
In other American Equity Investment Life Holding news, Director Alan David Matula acquired 6,270 shares of American Equity Investment Life Holding stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $23.96 per share, for a total transaction of $150,229.20. Following the transaction, the director now owns 13,220 shares in the company, valued at approximately $316,751.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.05% of the company’s stock.
About American Equity Investment Life Holding
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.
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