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Zacks: Analysts Anticipate American Equity Investment Life Holding (AEL) Will Post Quarterly Sales of $570.70 Million

Wall Street brokerages forecast that American Equity Investment Life Holding (NYSE:AEL) will report $570.70 million in sales for the current fiscal quarter, according toZacks Investment Research. Two analysts have issued estimates for American Equity Investment Lifes earnings, with the lowest sales estimate coming in at $569.46 million and the highest estimate coming in at $571.94 million. American Equity Investment Life posted sales of $533.28 million in the same quarter last year, which suggests a positive year over year growth rate of 7%. The company is expected to issue its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that American Equity Investment Life will report full-year sales of $2.30 billion for the current fiscal year, with estimates ranging from $2.30 billion to $2.31 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.48 billion, with estimates ranging from $2.45 billion to $2.50 billion. Zacks Investment Researchs sales averages are an average based on a survey of research firms that cover American Equity Investment Life.

American Equity Investment Life (NYSE:AEL) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.97 EPS for the quarter, beating analysts consensus estimates of $0.92 by $0.05. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $625.65 million. American Equity Investment Life had a return on equity of 13.92% and a net margin of 13.62%. American Equity Investment Lifes revenue for the quarter was up 741.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share.

A number of research firms have commented on AEL.Zacks Investment Researchdowngraded American Equity Investment Life from a hold rating to a sell rating in a report on Wednesday, April 10th. TheStreet downgraded American Equity Investment Life from a b rating to a c+ rating in a report on Thursday, May 2nd. Finally,ValuEnginedowngraded American Equity Investment Life from a hold rating to a sell rating in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the companys stock. American Equity Investment Life presently has an average rating of Hold and an average price target of $35.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund acquired a new position in shares of American Equity Investment Life during the 4th quarter valued at $34,000. Royce Associates LP acquired a new position in shares of American Equity Investment Life during the 4th quarter valued at $49,000. Quadrant Capital Group LLC increased its position in shares of American Equity Investment Life by 547.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,331 shares of the financial services providers stock valued at $60,000 after purchasing an additional 1,971 shares during the period. Global Retirement Partners LLC increased its position in shares of American Equity Investment Life by 45.5% during the 1st quarter. Global Retirement Partners LLC now owns 2,496 shares of the financial services providers stock valued at $67,000 after purchasing an additional 780 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of American Equity Investment Life by 149.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services providers stock valued at $74,000 after purchasing an additional 1,576 shares during the period. Hedge funds and other institutional investors own 92.40% of the companys stock.

NYSE:AELtraded down $0.73 during trading hours on Wednesday, reaching $29.88. 413,100 shares of the stock were exchanged, compared to its average volume of 442,133. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.25. American Equity Investment Life has a 52 week low of $25.27 and a 52 week high of $38.56. The company has a market cap of $2.66 billion, a PE ratio of 6.41 and a beta of 2.17.

American Equity Investment Life Company Profile

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. It markets its products through independent agents, including national marketing organizations, broker/dealers, banks, and registered investment advisors.

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