Allstate Corporation (The) (ALL) to Release Quarterly Earnings on Tuesday

Allstate Corporation (The) (NYSE:ALL) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 1st. Analysts expect Allstate Corporation (The) to post earnings of $1.10 per share for the quarter.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.60. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. On average, analysts expect Allstate Corporation (The) to post $5.93 EPS for the current fiscal year and $6.9 EPS for the next fiscal year.

Allstate Corporation (NYSE ALL) opened at 89.77 on Tuesday. The firm has a 50-day moving average price of $88.44 and a 200 day moving average price of $82.69. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $90.74. The company has a market capitalization of $32.72 billion, a P/E ratio of 15.22 and a beta of 1.10.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is currently 25.00%.

In related news, insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $88.81, for a total value of $4,268,030.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,259 shares of company stock worth $15,695,746. 1.58% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on ALL. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, July 20th. Citigroup Inc. increased their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $91.00 target price (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. Finally, Barclays PLC reduced their target price on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Allstate Corporation (The) currently has a consensus rating of “Buy” and a consensus target price of $87.67.

COPYRIGHT VIOLATION NOTICE: “Allstate Corporation (The) (ALL) to Release Quarterly Earnings on Tuesday” was first posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at

Allstate Corporation (The) Company Profile

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Earnings History for Allstate Corporation (The) (NYSE:ALL)

Receive News & Ratings for Allstate Corporation (The) Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Allstate Corporation (The) and related companies with’s FREE daily email newsletter.

Leave a Reply