Allianz (ALIZY) Projected to Post Earnings on Thursday

Allianz (OTCMKTS:ALIZY) is anticipated to release its results before the market opens on Thursday, November 12th. Analysts expect Allianz to announce earnings of $0.98 per share and revenue of $47.00 billion for the quarter.

Allianz (OTCMKTS:ALIZY) last issued its earnings results on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The business had revenue of $23.01 billion during the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a return on equity of 18.33% and a net margin of 6.31%. On average, analysts expect Allianz to post $3.48 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.

Allianz Stock Up 4.6%

Shares of OTCMKTS ALIZY opened at $51.51 on Thursday. The firm’s 50-day moving average price is $49.30 and its 200-day moving average price is $46.33. Allianz has a 52-week low of $39.44 and a 52-week high of $52.82. The company has a market cap of $195.95 billion, a PE ratio of 14.51, a PEG ratio of 2.18 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Allianz has an average rating of “Moderate Buy”.

About Allianz

Allianz SE is a Germany-based financial services company focused on insurance and asset management. Through its insurance operations, the company provides property and casualty coverage, life insurance, health insurance, and related protection products for individuals, businesses, and institutional customers.

Allianz also operates a global asset-management business through brands including PIMCO and Allianz Global Investors. These businesses offer investment-management services and solutions for private clients, companies, pension plans, and other institutional investors.

Founded in Berlin in 1890, Allianz has developed into an international group serving customers across Europe, North America, Asia-Pacific, and other global markets.