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MarketScreener Homepage  >  Equities  >  Nyse  >  American Equity Investment Life Holding Company    AEL

AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY

(AEL)
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American Equity: 3Q Earnings Snapshot

10/29/2020 | 05:42pm EST

WEST DES MOINES, Iowa (AP) _ American Equity Investment Life Holding Co. (AEL) on Thursday reported third-quarter net income of $667.2 million.

On a per-share basis, the West Des Moines, Iowa-based company said it had net income of $7.17. Earnings, adjusted for non-recurring gains, came to 99 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The annuity and insurance underwriter posted revenue of $798.7 million in the period. Its adjusted revenue was $543.3 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $539.7 million.

American Equity shares have decreased 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.40, a fall of 4% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEL at https://www.zacks.com/ap/AEL

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2020 2 495 M - -
Net income 2020 721 M - -
Net Debt 2020 - - -
P/E ratio 2020 3,89x
Yield 2020 1,04%
Capitalization 2 804 M 2 804 M -
Capi. / Sales 2020 1,12x
Capi. / Sales 2021 1,06x
Nbr of Employees 608
Free-Float 92,0%
Chart AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
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American Equity Investment Life Holding Company Technical Analysis Chart | MarketScreener
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Technical analysis trends AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 32,56 $
Last Close Price 30,47 $
Spread / Highest target 18,1%
Spread / Average Target 6,84%
Spread / Lowest Target -4,82%
EPS Revisions
Managers and Directors
NameTitle
Anant Bhalla President, Chief Executive Officer & Director
John Michael Matovina Non-Executive Chairman
Ted Morris Johnson Chief Financial Officer & Treasurer
James Michael Gerlach Independent Director
Alonzo J. Lonnie Strickland Independent Director