Brokerages expect Allstate Corp (NYSE:ALL) to post $8.45 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Allstate’s earnings. The highest sales estimate is $8.54 billion and the lowest is $8.27 billion. Allstate reported sales of $9.30 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.1%. The company is expected to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Allstate will report full-year sales of $8.45 billion for the current fiscal year, with estimates ranging from $33.63 billion to $34.66 billion. For the next financial year, analysts forecast that the firm will post sales of $35.48 billion per share, with estimates ranging from $35.14 billion to $35.83 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Allstate.
Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.56. Allstate had a return on equity of 23.77% and a net margin of 12.68%. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the business posted $2.17 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year.
Allstate (ALL) traded up $0.52 during trading on Friday, reaching $95.04. The company’s stock had a trading volume of 2,565,400 shares, compared to its average volume of 2,895,991. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.25. Allstate has a 52 week low of $79.09 and a 52 week high of $105.36. The stock has a market capitalization of $33,739.20, a PE ratio of 11.35, a PEG ratio of 1.36 and a beta of 0.97.
The company 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 $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.94%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is presently 17.68%.
Several large investors have recently made changes to their positions in ALL. Gotham Asset Management LLC grew its holdings in Allstate by 20.1% during the second quarter. Gotham Asset Management LLC now owns 5,389 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 903 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Allstate by 53.5% during the second quarter. Cubist Systematic Strategies LLC now owns 6,707 shares of the insurance provider’s stock worth $593,000 after acquiring an additional 2,338 shares during the period. Advisory Services Network LLC grew its holdings in Allstate by 10.8% during the second quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock worth $247,000 after acquiring an additional 273 shares during the period. PGGM Investments grew its holdings in Allstate by 71.4% during the third quarter. PGGM Investments now owns 647,271 shares of the insurance provider’s stock worth $59,491,000 after acquiring an additional 269,633 shares during the period. Finally, Hermes Investment Management Ltd. grew its holdings in Allstate by 22.1% during the third quarter. Hermes Investment Management Ltd. now owns 276,718 shares of the insurance provider’s stock worth $25,433,000 after acquiring an additional 50,022 shares during the period. Hedge funds and other institutional investors own 76.65% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2018/02/19/allstate-corp-all-expected-to-post-quarterly-sales-of-8-45-billion.html.
Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.