The Allstate (ALL) to Release Quarterly Earnings on Wednesday
The Allstate (NYSE:ALL) will be announcing its Q214 earnings results on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $7.58 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
The Allstate (NYSE:ALL) last announced its earnings results on Tuesday, May 6th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.76. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter last year, the company posted $1.47 earnings per share. The Allstate’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect The Allstate to post $4.73 EPS for the current fiscal year and $5.70 EPS for the next fiscal year.
The Allstate (NYSE:ALL) traded down 0.95% on Tuesday, hitting $57.39. The stock had a trading volume of 630,530 shares. The Allstate has a 52-week low of $47.32 and a 52-week high of $59.68. The stock’s 50-day moving average is $58.60 and its 200-day moving average is $56.14. The company has a market cap of $24.907 billion and a price-to-earnings ratio of 12.52.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, August 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of research firms have recently commented on ALL. Analysts at William Blair downgraded shares of The Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday. On the ratings front, analysts at Barclays reiterated an “overweight” rating on shares of The Allstate in a research note on Monday, June 30th. They now have a $68.00 price target on the stock, up previously from $65.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Friday, June 27th. They now have a $61.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.50.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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