Allstate (ALL) to Release Earnings on Wednesday

Allstate (NYSE:ALL) is projected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Allstate to post earnings of $5.40 per share and revenue of $16.23 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Allstate Stock Performance

NYSE:ALL opened at $192.13 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $50.87 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The business has a 50 day moving average price of $193.92 and a 200-day moving average price of $188.58. Allstate has a fifty-two week low of $153.87 and a fifty-two week high of $209.88.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.92%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group lifted their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods upped their target price on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.13.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.