Wall Street analysts predict that Allstate Corp (NYSE:ALL) will announce earnings per share (EPS) of $1.06 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Allstate’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $1.60. Allstate reported earnings of $2.09 per share during the same quarter last year, which suggests a negative year over year growth rate of 49.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 5th.
On average, analysts expect that Allstate will report full year earnings of $7.88 per share for the current year, with EPS estimates ranging from $7.65 to $8.02. For the next financial year, analysts expect that the firm will post earnings of $9.19 per share, with EPS estimates ranging from $8.60 to $9.80. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Allstate.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The company had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the previous year, the business posted $1.60 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.
A number of research analysts have commented on ALL shares. Zacks Investment Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday. Citigroup set a $115.00 price target on shares of Allstate and gave the stock a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co set a $100.00 price target on shares of Allstate and gave the stock a “hold” rating in a research note on Thursday, November 8th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Bank of America cut their price target on shares of Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Allstate presently has a consensus rating of “Hold” and a consensus price target of $100.50.
Shares of NYSE ALL traded up $1.13 during mid-day trading on Monday, hitting $85.70. The company had a trading volume of 5,067,507 shares, compared to its average volume of 2,376,118. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26. Allstate has a 12 month low of $77.00 and a 12 month high of $104.47. The stock has a market cap of $29.13 billion, a PE ratio of 12.77, a PEG ratio of 1.10 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, November 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, November 29th. Allstate’s payout ratio is 27.42%.
In other news, EVP Jesse E. Merten sold 696 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total transaction of $64,115.52. Following the completion of the sale, the executive vice president now owns 2,102 shares of the company’s stock, valued at $193,636.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Adirondack Trust Co. increased its holdings in shares of Allstate by 83.3% in the fourth quarter. Adirondack Trust Co. now owns 1,100 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 500 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in shares of Allstate by 40.0% in the fourth quarter. Gemmer Asset Management LLC now owns 563 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 161 shares in the last quarter. Central Bank & Trust Co. increased its holdings in shares of Allstate by 119.3% in the fourth quarter. Central Bank & Trust Co. now owns 2,309 shares of the insurance provider’s stock valued at $191,000 after purchasing an additional 1,256 shares in the last quarter. Dock Street Asset Management Inc. increased its holdings in shares of Allstate by 98.2% in the fourth quarter. Dock Street Asset Management Inc. now owns 10,363 shares of the insurance provider’s stock valued at $856,000 after purchasing an additional 5,135 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its holdings in shares of Allstate by 1.9% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 20,291 shares of the insurance provider’s stock valued at $1,677,000 after purchasing an additional 378 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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