Allstate (NYSE:ALL – Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $3.29 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Allstate (NYSE:ALL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same period last year, the firm earned ($4.42) EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts expect Allstate to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Allstate Stock Up 0.1 %
Shares of ALL stock opened at $192.78 on Wednesday. Allstate has a 1 year low of $121.70 and a 1 year high of $198.79. The stock has a market cap of $50.88 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The business’s fifty day moving average is $187.50 and its 200-day moving average is $174.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36.
Insider Transactions at Allstate
Analyst Upgrades and Downgrades
ALL has been the subject of several research reports. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Barclays initiated coverage on Allstate in a research note on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price objective for the company. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Finally, Piper Sandler raised their price objective on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.44.
Read Our Latest Research Report on ALL
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.
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