Company Update: The Allstate Corporation (NYSE:ALL) – Allstate to Discuss First Quarter 2016 Earnings With Investors

[PR Newswire] – NORTHBROOK, Ill., April 7, 2016 /PRNewswire/ — The Allstate Corporation (ALL) will conduct a conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, May 5 to discuss first quarter 2016 earnings. The company will file a current report on Form 8-K with the Securities and Exchange Commission announcing quarterly results at or after 4:15 p.m. ET on Wednesday, May 4. To view Allstate’s quarterly results after their filing, including the earnings release, investor supplement and quarterly Form 10-Q, visit the SEC website at Read more on this. The Allstate Corporation (ALL) , valued at $25.07B, started the session at $66.49. During today’s session, ALL traded between $66.03 to $66.81 and has traded between $54.12 and $72.39 over the past 12 months. ALL shares are currently priced at 12.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.78x earnings multiple. And for income investors, the company pays shareholders $1.32 per share annually in dividends, yielding 1.93%. According to a consensus of 25 analysts, the earnings estimate of $1.45 per share would be $0.01 worse than the year-ago quarter and a $0.05 sequential increase. What we find to be interesting is that the full-year EPS estimate of $5.47 is a $0.28 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.61 Billion. If reported, that would be a 4.10% increase over the year-ago quarter. More recently, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. The average price target for ALL shares by the analysts covering the stock is $71.14, which is 6.99% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Named One of the 2016 ‘Top Companies for Executive Women’ by the National Association for Female Executives Company Update (NYSE:ALL): Allstate to Discuss Fourth Quarter 2015 Earnings With Investors Company Update: The Allstate Corporation (NYSE:ALL) – Allstate® to Bring Entertainment, Excitement and Usher to New Orleans for the 2016 Allstate® Sugar Bowl®
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