Stock Update (NYSE:ALL): The Allstate Corporation Announces Availability of First Quarter 2016 Results

[PR Newswire] – NORTHBROOK, Ill., May 4, 2016 /PRNewswire/ — The Allstate Corporation (ALL) has filed its financial results for the quarter ended March 31, 2016 on its current report on Form 8-K. You may view the Form 8-K including the earnings release and investor supplement, as well as the quarterly Form 10-Q, on the company’s page at In addition this quarter, Allstate will publish a reinsurance update on its website. The Allstate Corporation (ALL) will conduct a conference call and webcast at 10 a.m. ET on Thursday, May 5 to discuss first quarter 2016 earnings. Read more on this. The Allstate Corporation (ALL) , valued at $24.51B, started trading this morning at $64.82. Looking at today’s market, ALL one day range is $64.59 to $65.55 and has traded between $54.12 and $69.48 over the past year. ALL shares are currently priced at 14.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.89x earnings multiple for the same period. The company pays shareholders $1.32 per share in dividend income per year, for a current yield of 2.03%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.77 worse than the year-ago quarter and a $0.70 sequential decrease. Investors should also note that the full-year EPS estimate of $4.66 is a $0.53 setback 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. With the above information in mind, readers should note that the average price target is $72.05, which is 11.15% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Company Update: The Allstate Corporation (NYSE:ALL) – Allstate to Discuss First Quarter 2016 Earnings With Investors 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: 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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