American Equity Investment Life Holding Com Stock Upgraded (AEL)
- AMERICAN EQTY INVT LIFE HLDG reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, AMERICAN EQTY INVT LIFE HLDG increased its bottom line by earning $1.33 versus $0.69 in the prior year. This year, the market expects an improvement in earnings ($2.00 versus $1.33).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 449.9% when compared to the same quarter one year prior, rising from $9.04 million to $49.70 million.
- AEL, with its decline in revenue, underperformed when compared the industry average of 5.0%. Since the same quarter one year prior, revenues fell by 12.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Despite currently having a low debt-to-equity ratio of 0.40, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.
-- Written by a member of TheStreet RatingsStaff
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