Allstate (ALL) Expected to Announce Quarterly Sales of $8.37 Billion
Brokerages expect that Allstate (NYSE:ALL) will post sales of $8.37 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Allstate’s earnings, with estimates ranging from $8.27 billion to $8.54 billion. Allstate posted sales of $9.30 billion during the same quarter last year, which suggests a negative year over year growth rate of 10%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Allstate will report full year sales of $8.37 billion for the current financial year, with estimates ranging from $33.63 billion to $34.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $35.48 billion per share, with estimates ranging from $35.14 billion to $35.83 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Allstate.
Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.56. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the previous year, the business posted $2.17 EPS. Allstate’s revenue for the quarter was up 3.8% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. Rational Advisors LLC bought a new stake in shares of Allstate during the 4th quarter worth approximately $126,000. Taylor Hoffman Wealth Management bought a new stake in shares of Allstate during the 4th quarter worth approximately $131,000. Synovus Financial Corp bought a new stake in shares of Allstate during the 3rd quarter worth approximately $137,000. Americafirst Capital Management LLC bought a new stake in shares of Allstate during the 3rd quarter worth approximately $138,000. Finally, Resources Investment Advisors Inc. raised its stake in shares of Allstate by 71.1% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,340 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 557 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.
Allstate stock opened at $96.84 on Thursday. Allstate has a 1-year low of $79.09 and a 1-year high of $105.36. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $34,520.68, a PE ratio of 14.51, a PEG ratio of 1.40 and a beta of 1.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio is currently 21.98%.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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