Trade Resources Company News Allstate Posted Its Quarterly Earnings Results on Wednesday

Allstate Posted Its Quarterly Earnings Results on Wednesday

Allstate (NYSE: ALL) posted its quarterly earnings results on Wednesday. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.36. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.

Allstate (All) Announces Quarterly Earnings Results, Beats Estimates by $0.36 Eps

ALL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Allstate from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 18th. They now have a $50.00 price target on the stock. On a related note, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Allstate in a research note to investors on Tuesday, October 16th. They now have a $45.00 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Allstate in a research note to investors on Friday, October 5th. They now have a $39.00 price target on the stock.

Shares of Allstate (ALL) traded down 0.42% during mid-day trading on Wednesday, hitting $39.98. Allstate (ALL) has a one year low of $24.50 and a one year high of $40.64. The company has a market cap of $19.387 billion and a P/E ratio of 9.80.

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates.

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Allstate (All) Announces Quarterly Earnings Results, Beats Estimates by $0.36 Eps
Topics: Construction