$1.63 EPS Expected for Allstate Corporation (The) (ALL) This Quarter
Equities analysts expect Allstate Corporation (The) (NYSE:ALL) to post earnings per share (EPS) of $1.63 for the current quarter, Zacks reports. Three analysts have made estimates for Allstate’s earnings. The lowest EPS estimate is $1.32 and the highest is $2.12. Allstate posted earnings per share of $2.17 in the same quarter last year, which would indicate a negative year over year growth rate of 24.9%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, February 7th.
On average, analysts expect that Allstate will report full-year earnings of $6.23 per share for the current year, with EPS estimates ranging from $5.96 to $6.73. For the next fiscal year, analysts forecast that the company will report earnings of $7.31 per share, with EPS estimates ranging from $6.85 to $7.75. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Allstate.
Allstate (NYSE:ALL) last issued its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year.
In other news, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Wilson sold 130,000 shares of Allstate stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 432,242 shares of company stock valued at $42,827,931. 1.58% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ALL. Acadian Asset Management LLC raised its position in shares of Allstate by 12.9% in the 2nd quarter. Acadian Asset Management LLC now owns 3,422 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 390 shares in the last quarter. Lee Danner & Bass Inc. raised its position in shares of Allstate by 0.8% in the 2nd quarter. Lee Danner & Bass Inc. now owns 7,839 shares of the insurance provider’s stock worth $693,000 after acquiring an additional 65 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Allstate by 106.0% in the 2nd quarter. Bessemer Group Inc. now owns 38,733 shares of the insurance provider’s stock worth $3,426,000 after acquiring an additional 19,933 shares in the last quarter. Tufton Capital Management bought a new position in shares of Allstate in the 2nd quarter worth about $201,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Allstate by 54.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,600 shares of the insurance provider’s stock worth $2,087,000 after acquiring an additional 8,300 shares in the last quarter. 76.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Allstate (NYSE:ALL) opened at $102.11 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate has a twelve month low of $71.17 and a twelve month high of $104.10. The firm has a market capitalization of $36,833.49, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.98 and a beta of 1.12.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, November 29th. Allstate’s dividend payout ratio is currently 20.56%.
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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