Allstate (ALL) Set to Announce Quarterly Earnings on Wednesday

Allstate (NYSE:ALL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Allstate to post earnings of $3.78 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping the consensus estimate of $3.87 by $1.95. The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. Allstate’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.36) earnings per share. On average, analysts expect Allstate to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Allstate Stock Down 0.1 %

Shares of NYSE ALL opened at $175.27 on Wednesday. The company has a 50 day simple moving average of $164.50 and a 200 day simple moving average of $148.42. The firm has a market cap of $46.11 billion, a PE ratio of -141.35, a price-to-earnings-growth ratio of 0.42 and a beta of 0.52. Allstate has a 1 year low of $100.57 and a 1 year high of $176.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is currently -296.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALL. HSBC raised Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. The Goldman Sachs Group boosted their target price on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. BMO Capital Markets upped their target price on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. Finally, Roth Mkm upped their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Insider Transactions at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.