Company Update: The Allstate Corporation (NYSE:ALL) – Allstate® to Bring Entertainment, Excitement and Usher to New Orleans for the 2016 Allstate® Sugar Bowl®

[PR Newswire] – NORTHBROOK, Ill., Dec. 23, 2015 /PRNewswire/ — The Allstate® Fan Fest is back for its 10th year to once again serve as the backdrop for pre-game events and celebrations leading up to the 2016 Allstate® Sugar Bowl®. As college football fans descend on New Orleans to see Oklahoma State and Ole Miss face-off, the Crescent City will come alive with a mix of interactive activities, highlighted by a performance from multi-platinum artist, Usher. Allstate is kicking off the two-day event with its #UsherLiveAllstate, giving fans access to exclusive experiences featuring the R&B legend. Read more on this. The Allstate Corporation (ALL) , valued at $24.40B, opened at $62.68. A quick look at the market, the company’s stock traded between $62.68 and $63.02 and has traded between $54.12 and $72.87 over the past year. Priced at 12.48x this year’s forecasted earnings, ALL shares are relatively inexpensive compared to the industry’s 14.03x forward p/e ratio. And for income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 1.96%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.38 per share, which would be $0.34 worse than the year-ago quarter and a $0.14 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.01 is a $0.39 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.60 Billion. If realized, that would be a 4.25% increase over the year-ago quarter. Recently, Deutsche Bank upgraded ALL from Hold to Buy (Aug 10, 2015). Previously, Macquarie upgraded ALL from Underperform to Neutral. The average price target for ALL shares by the analysts covering it is $69.55, which is 10.96% above where the stock opened. See more in (NYSE:ALL) Similar Articles: Market Update: The Allstate Corporation (NYSE:ALL) – Allstate, American Football Coaches Association Name 22 College Football Players to the 2015 Allstate AFCA Good Works Team® Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Teams Up with Kirk Herbstreit to Launch #StreitCred Twitter Campaign Market Update: The Allstate Corporation (NYSE:ALL) – Allstate Teams With Innovative Illinois Startups
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