Q4 2017 Earnings Estimate for American Equity Investment Life Holding Company Issued By SunTrust Banks (AEL)

American Equity Investment Life Holding Company (NYSE:AEL) – Equities researchers at SunTrust Banks lifted their Q4 2017 earnings per share estimates for shares of American Equity Investment Life Holding in a report issued on Tuesday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will earn $0.65 per share for the quarter, up from their prior estimate of $0.63. SunTrust Banks also issued estimates for American Equity Investment Life Holding’s Q1 2018 earnings at $0.64 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.74 EPS and FY2018 earnings at $2.80 EPS.

American Equity Investment Life Holding (NYSE:AEL) last released its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.33. American Equity Investment Life Holding had a net margin of 7.90% and a return on equity of 10.82%. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $615.75 million. During the same period in the prior year, the company posted ($0.05) EPS. The company’s revenue was up 43.8% compared to the same quarter last year.

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Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price target on shares of American Equity Investment Life Holding in a research note on Wednesday, August 16th. BidaskClub raised American Equity Investment Life Holding from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised American Equity Investment Life Holding from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Tuesday, August 8th. B. Riley reaffirmed a “neutral” rating on shares of American Equity Investment Life Holding in a research note on Monday, November 6th. Finally, TheStreet raised American Equity Investment Life Holding from a “c+” rating to a “b” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.86.

Shares of American Equity Investment Life Holding (NYSE:AEL) opened at $28.50 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $2,539.96, a PE ratio of 9.63 and a beta of 2.54. American Equity Investment Life Holding has a 52 week low of $19.92 and a 52 week high of $31.05.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in American Equity Investment Life Holding by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,823,142 shares of the financial services provider’s stock worth $231,872,000 after purchasing an additional 450,110 shares in the last quarter. BlackRock Inc. increased its stake in American Equity Investment Life Holding by 39,171.4% during the 1st quarter. BlackRock Inc. now owns 8,551,338 shares of the financial services provider’s stock worth $202,068,000 after purchasing an additional 8,529,563 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Equity Investment Life Holding by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,458,013 shares of the financial services provider’s stock worth $195,997,000 after purchasing an additional 38,858 shares in the last quarter. Macquarie Group Ltd. increased its stake in American Equity Investment Life Holding by 3.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,599,783 shares of the financial services provider’s stock worth $104,681,000 after purchasing an additional 109,163 shares in the last quarter. Finally, Apollo Management Holdings L.P. increased its stake in American Equity Investment Life Holding by 26.7% during the 2nd quarter. Apollo Management Holdings L.P. now owns 3,266,544 shares of the financial services provider’s stock worth $85,845,000 after purchasing an additional 688,255 shares in the last quarter. 93.32% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for American Equity Investment Life Holding (NYSE:AEL)

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