Analysts Anticipate Allstate (ALL) to Announce $2.53 EPS

Wall Street brokerages expect that Allstate (NYSE:ALL) will post earnings per share of $2.53 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Allstate’s earnings. The highest EPS estimate is $3.00 and the lowest is $1.78. Allstate reported earnings per share of $1.64 in the same quarter last year, which suggests a positive year over year growth rate of 54.3%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that Allstate will report full-year earnings of $8.55 per share for the current year, with EPS estimates ranging from $7.80 to $9.35. For the next year, analysts forecast that the company will report earnings of $8.80 per share, with EPS estimates ranging from $7.90 to $9.54. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Allstate.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.56. The company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share.

A number of equities research analysts have issued reports on the company. Argus reiterated a “buy” rating and issued a $110.00 target price on shares of Allstate in a research note on Wednesday, February 21st. Wells Fargo cut Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $105.00 target price (down from $113.00) on shares of Allstate in a research note on Wednesday, February 21st. Deutsche Bank cut their target price on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. Finally, ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $101.79.

ALL stock opened at $97.49 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $34,520.68, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.37 and a beta of 0.94. Allstate has a 1 year low of $80.95 and a 1 year high of $105.36.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 5th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 27.42%.

Several institutional investors and hedge funds have recently modified their holdings of ALL. Rational Advisors LLC acquired a new position in Allstate during the fourth quarter worth about $126,000. Taylor Hoffman Wealth Management acquired a new position in Allstate during the fourth quarter worth about $131,000. Resources Investment Advisors Inc. grew its holdings in Allstate by 71.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 557 shares during the period. Prentiss Smith & Co. Inc. acquired a new position in Allstate during the fourth quarter worth about $143,000. Finally, Truewealth LLC acquired a new position in Allstate during the fourth quarter worth about $159,000. 77.37% of the stock is currently owned by institutional investors.

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About Allstate

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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