Allianz (AZSEY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Allianz (OTCMKTS:AZSEY) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03, Morningstar.com reports. The business had revenue of $31.59 billion during the quarter. Allianz had a net margin of 5.71% and a return on equity of 11.78%.
Shares of OTCMKTS AZSEY traded down $0.03 during trading hours on Wednesday, hitting $22.25. 18,322 shares of the stock were exchanged, compared to its average volume of 306,030. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36. The company has a market cap of $97.88 billion, a P/E ratio of 10.91 and a beta of 0.90. Allianz has a one year low of $19.21 and a one year high of $24.40.
Separately, Zacks Investment Research raised shares of Allianz from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Allianz presently has a consensus rating of “Buy” and an average target price of $26.00.
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers.
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