Wall Street analysts expect Allstate Corp (NYSE:ALL) to announce earnings of $2.08 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Allstate’s earnings. The lowest EPS estimate is $1.65 and the highest is $2.66. Allstate posted earnings per share of $1.60 during the same quarter last year, which indicates a positive year over year growth rate of 30%. The business is expected to issue its next earnings report on Wednesday, November 7th.
On average, analysts expect that Allstate will report full-year earnings of $9.44 per share for the current year, with EPS estimates ranging from $9.05 to $10.09. For the next fiscal year, analysts expect that the business will report earnings of $9.19 per share, with EPS estimates ranging from $8.70 to $9.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Allstate.
Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.45. The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS.
Shares of NYSE ALL traded down $0.85 during midday trading on Friday, hitting $98.63. 1,227,566 shares of the stock traded hands, compared to its average volume of 1,829,357. The stock has a market capitalization of $34.44 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate has a one year low of $85.59 and a one year high of $105.36.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.87%. Allstate’s dividend payout ratio is presently 27.42%.
In other Allstate news, insider Glenn T. Shapiro sold 21,728 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $98.70, for a total transaction of $2,144,553.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Susan L. Lees sold 22,189 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total value of $2,202,036.36. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of ALL. Private Capital Group LLC raised its holdings in Allstate by 195.5% during the first quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after acquiring an additional 782 shares during the period. Clearwater Capital Advisors LLC bought a new stake in Allstate during the first quarter valued at about $122,000. Kiley Juergens Wealth Management LLC bought a new stake in Allstate during the second quarter valued at about $124,000. Summit Trail Advisors LLC raised its holdings in Allstate by 11,436.6% during the first quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 146,160 shares during the period. Finally, Archford Capital Strategies LLC purchased a new position in shares of Allstate during the first quarter valued at about $158,000. 76.74% of the stock is currently owned by institutional investors and hedge funds.
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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