Q1 2018 Earnings Forecast for American Equity Investment Life Holding (AEL) Issued By SunTrust Banks

American Equity Investment Life Holding (NYSE:AEL) – Research analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for American Equity Investment Life in a research note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $0.80 per share for the quarter, up from their prior estimate of $0.64. SunTrust Banks currently has a “Buy” rating and a $38.00 target price on the stock. SunTrust Banks also issued estimates for American Equity Investment Life’s Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.89 EPS and Q4 2018 earnings at $0.91 EPS.

AEL has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price objective on shares of American Equity Investment Life in a research note on Friday, December 8th. ValuEngine lowered American Equity Investment Life from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley reiterated a “hold” rating and set a $26.00 price objective on shares of American Equity Investment Life in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group started coverage on American Equity Investment Life in a research note on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. American Equity Investment Life presently has an average rating of “Buy” and an average price target of $31.00.

American Equity Investment Life (NYSE:AEL) opened at $30.06 on Monday. The stock has a market capitalization of $2,685.29, a price-to-earnings ratio of 15.49 and a beta of 2.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.12 and a quick ratio of 0.12. American Equity Investment Life has a 52 week low of $22.23 and a 52 week high of $35.79.

American Equity Investment Life (NYSE:AEL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $550.89 million. American Equity Investment Life had a return on equity of 10.65% and a net margin of 4.49%. The firm’s quarterly revenue was up 99.0% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FDx Advisors Inc. purchased a new position in shares of American Equity Investment Life during the 3rd quarter valued at about $771,000. Royal Bank of Canada grew its position in shares of American Equity Investment Life by 13.8% during the 2nd quarter. Royal Bank of Canada now owns 44,173 shares of the financial services provider’s stock valued at $1,161,000 after acquiring an additional 5,340 shares during the period. Goldman Sachs Group Inc. grew its position in shares of American Equity Investment Life by 24.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 614,321 shares of the financial services provider’s stock valued at $16,144,000 after acquiring an additional 119,528 shares during the period. Pacific Grove Capital LP grew its position in shares of American Equity Investment Life by 363.5% during the 3rd quarter. Pacific Grove Capital LP now owns 86,902 shares of the financial services provider’s stock valued at $2,527,000 after acquiring an additional 68,152 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of American Equity Investment Life during the 2nd quarter valued at about $436,000. Institutional investors and hedge funds own 95.01% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Q1 2018 Earnings Forecast for American Equity Investment Life Holding (AEL) Issued By SunTrust Banks” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/12/q1-2018-earnings-forecast-for-american-equity-investment-life-holding-ael-issued-by-suntrust-banks.html.

About American Equity Investment Life

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 (NYSE:AEL)

Receive News & Ratings for American Equity Investment Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Equity Investment Life and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply