Stock Update (NYSE:ALL): Allstate Returns Cash to Shareholders through Dividends

[PR Newswire] – NORTHBROOK, Ill., May 24, 2016 /PRNewswire/ — The Allstate Corporation (NYSE: ALL) announced dividends today, continuing its practice of providing attractive cash returns to shareholders. “These … Read more on this. The Allstate Corporation (ALL) , with a current value of $25.25B, began trading this morning at $67.27. Shares have traded today between $66.99 and $67.75 per share with a trailing 52-week range being $54.12 to $69.48. Allstate (ALL) shares are currently priced at 14.73x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.45x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.32 per share annually in dividends, yielding 1.97%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.09 better than the year-ago quarter and a $0.38 sequential decrease. Investors should also note that the full-year EPS estimate of $4.54 is a $0.65 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.14 Billion. If reported, that would be a 3.30% increase over the year-ago quarter. Recently, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. When considering if the stock is under or overvalued, the average price target is $73.37, which is 9.07% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Publishes 2015 Online Annual Report, Shares Successes While Looking to the Future 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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