Allstate (ALL) Expected to Announce Quarterly Earnings on Wednesday

Allstate (NYSE:ALL) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Allstate to post earnings of $5.40 per share and revenue of $16.23 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Allstate Price Performance

Shares of ALL opened at $192.60 on Monday. Allstate has a 1-year low of $153.42 and a 1-year high of $209.88. The firm has a 50-day simple moving average of $193.92 and a two-hundred day simple moving average of $188.46. The stock has a market cap of $51.00 billion, a PE ratio of 12.47, a P/E/G ratio of 1.45 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.91%. Allstate’s dividend payout ratio is presently 23.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALL. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group increased their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.13.

About Allstate

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.