Q4 2018 EPS Estimates for American Equity Investment Life Holding Increased by SunTrust Banks (AEL)

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American Equity Investment Life Holding (NYSE:AEL) – Equities researchers at SunTrust Banks lifted their Q4 2018 earnings per share estimates for shares of American Equity Investment Life in a note issued to investors on Tuesday, November 6th. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings per share of $0.90 for the quarter, up from their previous forecast of $0.89. SunTrust Banks also issued estimates for American Equity Investment Life’s Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $0.99 EPS and Q4 2019 earnings at $1.01 EPS.

American Equity Investment Life (NYSE:AEL) last released its earnings results on Monday, November 5th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.99. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $600.27 million. American Equity Investment Life had a net margin of 13.62% and a return on equity of 12.77%. The company’s revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS.

A number of other brokerages also recently weighed in on AEL. Royal Bank of Canada set a $38.00 price target on shares of American Equity Investment Life and gave the company a “buy” rating in a research report on Wednesday, August 8th. ValuEngine downgraded shares of American Equity Investment Life from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.17.

Shares of NYSE:AEL opened at $34.84 on Friday. The company has a market capitalization of $3.16 billion, a P/E ratio of 11.03 and a beta of 2.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.12 and a current ratio of 0.11. American Equity Investment Life has a fifty-two week low of $27.06 and a fifty-two week high of $38.56.

Large investors have recently made changes to their positions in the stock. Vigilant Capital Management LLC acquired a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $112,000. 6 Meridian acquired a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $206,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $209,000. Zeke Capital Advisors LLC acquired a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $217,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of American Equity Investment Life in the 2nd quarter valued at approximately $238,000. Institutional investors and hedge funds own 93.61% of the company’s stock.

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

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