AllianceBernstein (AB) to Release Quarterly Earnings on Thursday

AllianceBernstein (NYSE:AB - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect AllianceBernstein to post earnings of $0.77 per share and revenue of $859.36 million for the quarter.

AllianceBernstein (NYSE:AB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.18. AllianceBernstein had a net margin of 9.46% and a return on equity of 17.88%. On average, analysts expect AllianceBernstein to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AllianceBernstein Trading Down 2.4 %

Shares of AllianceBernstein stock traded down $0.87 on Monday, hitting $36.03. 279,920 shares of the company traded hands, compared to its average volume of 443,342. The company has a market cap of $3.98 billion, a PE ratio of 9.69, a PEG ratio of 0.78 and a beta of 0.97. The stock's 50 day moving average price is $37.07 and its 200-day moving average price is $37.01. AllianceBernstein has a 52 week low of $30.57 and a 52 week high of $41.37.

AllianceBernstein Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 11.66%. This is a boost from AllianceBernstein's previous quarterly dividend of $0.77. The ex-dividend date was Tuesday, February 18th. AllianceBernstein's dividend payout ratio is currently 112.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AB. TD Cowen lowered their price objective on shares of AllianceBernstein from $37.50 to $34.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Bank of America downgraded shares of AllianceBernstein from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $42.00 to $38.00 in a research note on Thursday, April 3rd. Barclays boosted their price objective on shares of AllianceBernstein from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Evercore ISI dropped their target price on AllianceBernstein from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Sanford C. Bernstein lowered AllianceBernstein from a "buy" rating to a "neutral" rating and set a $38.00 price target for the company. in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.50.

About AllianceBernstein

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.