Equities analysts expect American Equity Investment Life Holding (NYSE:AEL) to post sales of $556.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Equity Investment Life’s earnings. The lowest sales estimate is $553.59 million and the highest is $558.80 million. American Equity Investment Life posted sales of $512.71 million during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that American Equity Investment Life will report full-year sales of $2.15 billion for the current year. For the next fiscal year, analysts forecast that the firm will post sales of $2.32 billion, with estimates ranging from $2.30 billion to $2.34 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow American Equity Investment Life.
American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings data on Monday, November 5th. The financial services provider reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.99. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $600.27 million. American Equity Investment Life had a return on equity of 12.77% and a net margin of 13.62%. The firm’s revenue was up 31.8% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS.
Shares of AEL stock opened at $29.27 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.63 billion, a P/E ratio of 9.26 and a beta of 2.39. American Equity Investment Life has a one year low of $25.27 and a one year high of $38.56.
The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, November 27th. This is a positive change from American Equity Investment Life’s previous annual dividend of $0.26. This represents a dividend yield of 0.82%. American Equity Investment Life’s dividend payout ratio (DPR) is 8.86%.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in American Equity Investment Life by 8.8% in the third quarter. BlackRock Inc. now owns 12,855,610 shares of the financial services provider’s stock valued at $454,574,000 after purchasing an additional 1,035,048 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 buying an additional 178,741 shares during the period. Vanguard Group Inc boosted 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 worth $351,723,000 after purchasing an additional 178,741 shares during the period. Macquarie Group Ltd. lifted its holdings in American Equity Investment Life by 8.6% in the third quarter. Macquarie Group Ltd. now owns 3,932,565 shares of the financial services provider’s stock worth $139,055,000 after buying an additional 312,039 shares during the period. Finally, Northern Trust Corp increased its stake in shares of 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 valued at $84,434,000 after purchasing an additional 33,959 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.
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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