Allstate (ALL) Expected to Announce Earnings on Wednesday

Allstate (NYSE:ALL) is projected to post 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Allstate Trading Down 0.1 %

ALL opened at $192.13 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $50.87 billion, a PE ratio of 12.44, a PEG ratio of 1.47 and a beta of 0.52. Allstate has a 1-year low of $153.87 and a 1-year high of $209.88. The firm has a 50-day moving average price of $193.92 and a two-hundred day moving average price of $188.58.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company boosted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.13.

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.