American International Group (AIG) Expected to Announce Earnings on Tuesday

American International Group (NYSE:AIG) is expected to be announcing its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $6.74 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period last year, the firm earned $1.61 earnings per share. On average, analysts expect American International Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

American International Group Price Performance

AIG stock opened at $73.08 on Tuesday. American International Group has a 1 year low of $67.96 and a 1 year high of $80.83. The company has a 50 day simple moving average of $73.74 and a 200 day simple moving average of $74.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of -21.56, a P/E/G ratio of 5.80 and a beta of 1.06.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Evercore ISI cut their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. Bank of America lifted their target price on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.13.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.