Allstate Corp. (ALL) Announces Quarterly Earnings Results, Beats Expectations By $0.33 EPS
Allstate Corp. (NYSE:ALL) announced its earnings results on Thursday. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.33, Stock Ratings News reports. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.55 million. During the same quarter last year, the company posted $0.59 earnings per share. Allstate Corp.’s revenue was up 2.9% compared to the same quarter last year.
Shares of Allstate Corp. (NYSE:ALL) opened at 49.55 on Thursday. Allstate Corp. has a 52-week low of $44.51 and a 52-week high of $54.84. The stock’s 50-day moving average is $52.73 and its 200-day moving average is $52.05. The company has a market cap of $22.538 billion and a P/E ratio of 12.86.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Allstate Corp. in a research note to investors on Friday, December 13th. They now have a $55.00 price target on the stock. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Allstate Corp. has a consensus rating of “Buy” and an average target price of $56.65.
In other Allstate Corp. news, Insider Matthew Winter unloaded 4,923 shares of Allstate Corp. stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.07, for a total transaction of $251,417.61. Following the sale, the insider now directly owns 30,538 shares in the company, valued at approximately $1,559,576. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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