Alleghany Corporation (Y) Set to Announce Earnings on Thursday
Alleghany Corporation (NYSE:Y) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Alleghany Corporation to post earnings of $6.64 per share for the quarter.
Alleghany Corporation (NYSE:Y) last announced its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.10 by ($1.73). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.99 EPS. On average, analysts expect Alleghany Corporation to post $-7.88 EPS for the current fiscal year and $28.92 EPS for the next fiscal year.
Shares of Alleghany Corporation (NYSE:Y) opened at 565.67 on Thursday. Alleghany Corporation has a one year low of $510.52 and a one year high of $667.19. The stock has a market cap of $8.72 billion, a P/E ratio of 18.32 and a beta of 0.94. The stock’s 50 day moving average is $556.03 and its 200-day moving average is $583.92.
Several brokerages recently weighed in on Y. BidaskClub downgraded shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Credit Suisse Group reiterated a “hold” rating on shares of Alleghany Corporation in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, JMP Securities upgraded shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 price target on the stock in a report on Monday, September 11th.
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Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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