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, October 30th. Analysts expect Allstate to post earnings of $3.29 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same period in the prior year, the firm earned ($4.42) earnings per share. Allstate’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect Allstate to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Allstate Trading Down 2.0 %

Shares of NYSE ALL opened at $188.12 on Monday. The company’s 50 day simple moving average is $188.18 and its 200 day simple moving average is $174.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $49.65 billion, a P/E ratio of 41.53, a P/E/G ratio of 1.74 and a beta of 0.48. Allstate has a fifty-two week low of $122.53 and a fifty-two week high of $198.79.

Insider Buying and Selling

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Evercore ISI raised their target price on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. UBS Group lifted their price objective on shares of Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. 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, Allstate has an average rating of “Moderate Buy” and a consensus price target of $206.44.

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.