Allstate (ALL) Scheduled to Post Earnings on Wednesday

Allstate (NYSE:ALL - Get Free Report) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Allstate to post earnings of $3.29 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period last year, the company earned ($4.42) earnings per share. Allstate's quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts expect Allstate to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Allstate Price Performance

Shares of NYSE:ALL opened at $192.78 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. Allstate has a 1 year low of $121.70 and a 1 year high of $198.79. The business has a fifty day simple moving average of $187.50 and a 200 day simple moving average of $174.10. The firm has a market cap of $50.88 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.74 and a beta of 0.48.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Roth Mkm restated a "buy" rating and issued a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. Piper Sandler raised their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Barclays assumed coverage on shares of Allstate in a research report on Wednesday, September 4th. They issued an "underweight" rating and a $175.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Allstate from $177.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.44.

Insider Buying and Selling

In related news, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Elizabeth Brady sold 49,481 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now owns 19,163 shares in the company, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock valued at $34,967,665 over the last ninety days. Insiders own 1.80% of the company's stock.

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.