Brokerages expect Allstate Corp (NYSE:ALL) to post $8.36 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Allstate’s earnings. The highest sales estimate is $8.46 billion and the lowest is $8.23 billion. Allstate reported sales of $9.51 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, August 1st.
According to Zacks, analysts expect that Allstate will report full-year sales of $33.67 billion for the current financial year, with estimates ranging from $33.15 billion to $34.00 billion. For the next fiscal year, analysts expect that the business will post sales of $35.04 billion per share, with estimates ranging from $34.45 billion to $35.54 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Allstate.
Allstate (NYSE:ALL) last released its quarterly earnings data on Tuesday, May 1st. The insurance provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.35. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.04 billion. Allstate had a net margin of 8.93% and a return on equity of 14.56%. Allstate’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS.
NYSE:ALL traded up $0.22 on Tuesday, reaching $92.16. 156,931 shares of the stock traded hands, compared to its average volume of 1,959,698. The firm has a market cap of $32.30 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27. Allstate has a 12 month low of $85.59 and a 12 month high of $105.36.
The business also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Stockholders of record on Thursday, May 31st were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.00%. Allstate’s dividend payout ratio is presently 27.42%.
Several hedge funds have recently made changes to their positions in ALL. Virtu Financial LLC purchased a new position in shares of Allstate in the fourth quarter worth approximately $227,000. Mackenzie Financial Corp purchased a new position in shares of Allstate in the fourth quarter worth approximately $298,000. Assetmark Inc. boosted its holdings in shares of Allstate by 66.9% in the fourth quarter. Assetmark Inc. now owns 11,240 shares of the insurance provider’s stock worth $1,177,000 after buying an additional 4,506 shares during the last quarter. Lombard Odier Asset Management Switzerland SA boosted its holdings in shares of Allstate by 126.6% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 34,965 shares of the insurance provider’s stock worth $3,661,000 after buying an additional 19,538 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its holdings in shares of Allstate by 28.6% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 4,501 shares of the insurance provider’s stock worth $471,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.
Allstate Company Profile
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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