Analysts Anticipate Allstate Corp (ALL) to Announce $2.59 Earnings Per Share

Equities analysts predict that Allstate Corp (NYSE:ALL) will announce earnings of $2.59 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Allstate’s earnings, with the highest EPS estimate coming in at $2.85 and the lowest estimate coming in at $2.19. Allstate posted earnings per share of $2.96 in the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, May 1st.

On average, analysts expect that Allstate will report full-year earnings of $9.17 per share for the current fiscal year, with EPS estimates ranging from $8.60 to $9.50. For the next fiscal year, analysts forecast that the company will post earnings of $9.90 per share, with EPS estimates ranging from $9.48 to $10.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Allstate.

Allstate (NYSE:ALL) last released its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.23. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. Allstate’s quarterly revenue was up 6.2% compared to the same quarter last year.

Several research analysts have recently issued reports on ALL shares. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Thursday, February 7th. Compass Point initiated coverage on Allstate in a research report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 target price for the company. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co reissued a “hold” rating and issued a $94.00 target price on shares of Allstate in a research report on Tuesday, March 12th. Finally, William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.50.

NYSE:ALL traded down $0.71 during midday trading on Tuesday, hitting $96.72. 2,533,063 shares of the company traded hands, compared to its average volume of 1,567,858. Allstate has a 12-month low of $77.00 and a 12-month high of $102.73. The firm has a market capitalization of $32.20 billion, a PE ratio of 11.99, a PEG ratio of 1.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, February 28th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. This is a boost from Allstate’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, February 27th. Allstate’s dividend payout ratio (DPR) is presently 24.78%.

A number of institutional investors have recently bought and sold shares of the business. Bowling Portfolio Management LLC acquired a new stake in Allstate during the 1st quarter worth approximately $221,000. Providence Wealth Advisors LLC raised its stake in shares of Allstate by 2.2% during the 1st quarter. Providence Wealth Advisors LLC now owns 17,064 shares of the insurance provider’s stock worth $1,616,000 after buying an additional 367 shares in the last quarter. Eastern Bank raised its stake in shares of Allstate by 51.2% during the 1st quarter. Eastern Bank now owns 196,623 shares of the insurance provider’s stock worth $18,518,000 after buying an additional 66,575 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in shares of Allstate by 3.9% during the 1st quarter. Community Bank & Trust Waco Texas now owns 4,956 shares of the insurance provider’s stock worth $467,000 after buying an additional 187 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Allstate by 0.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 81,286 shares of the insurance provider’s stock worth $7,655,000 after buying an additional 240 shares in the last quarter. 79.43% of the stock is owned by institutional investors.

Allstate Company Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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