Alleghany Corporation (NYSE:Y) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Alleghany Corporation to post earnings of $6.64 per share for the quarter.
Alleghany Corporation (NYSE:Y) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $6.37 EPS for the quarter, missing analysts’ consensus estimates of $8.10 by ($1.73). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Alleghany Corporation had a net margin of 7.74% and a return on equity of 5.70%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.99 earnings per share. On average, analysts expect Alleghany Corporation to post $-7.88 EPS for the current fiscal year and $28.92 EPS for the next fiscal year.
Shares of Alleghany Corporation (NYSE:Y) opened at 566.22 on Wednesday. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 18.34 and a beta of 0.94. Alleghany Corporation has a one year low of $516.74 and a one year high of $667.19. The stock has a 50 day moving average price of $558.81 and a 200-day moving average price of $582.73.
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Several equities analysts have commented on the stock. JMP Securities raised shares of Alleghany Corporation from a “market perform” rating to an “outperform” rating and set a $625.00 target price on the stock in a research report on Monday, September 11th. BidaskClub lowered shares of Alleghany Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Credit Suisse Group restated a “hold” rating on shares of Alleghany Corporation in a research note on Tuesday, July 11th. Finally, Zacks Investment Research lowered shares of Alleghany Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
Alleghany Corporation Company Profile
Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL’s insurance operations are conducted by its subsidiaries RSUI Group, Inc (RSUI), CapSpecialty, Inc (CapSpecialty) and Pacific Compensation Corporation (PacificComp).
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