American Equity Investment Life (NYSE: AEL) has reported earnings for its third fiscal quarter (ending September 30) of $5.96 versus $4.95 for the same period a year ago — an increase of 20%. This result exceeded the consensus estimate of $1.72 by $4.24. For the latest four quarters through September 30, E.P.S. were $8.31 versus $20.98 for the same period a year ago — a decline of -60%.
Recent Price Action
On 11/7/23, American Equity Investment Life (NYSE: AEL) stock rose slightly by 0.2%, closing at $53.75. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
AEL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
American Equity Investment Life has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. American Equity Investment Life has a slightly negative Appreciation Score of 34 but a very high Power Rating of 98, resulting in the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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