Allianz (ALIZY) Set to Announce Quarterly Earnings on Thursday

Allianz (OTCMKTS:ALIZY) is expected to be announcing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $0.98 per share and revenue of $47.00 billion for the quarter.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a return on equity of 18.33% and a net margin of 6.31%. The business had revenue of $23.01 billion during the quarter, compared to the consensus estimate of $46.70 billion. On average, analysts expect Allianz to post $3.48 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.

Allianz Price Performance

Shares of Allianz stock opened at $51.51 on Thursday. The company’s fifty day simple moving average is $49.30 and its 200-day simple moving average is $46.33. The stock has a market capitalization of $195.95 billion, a PE ratio of 14.51, a P/E/G ratio of 2.18 and a beta of 0.66. Allianz has a 1-year low of $39.44 and a 1-year high of $52.82.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Allianz

Allianz SE is a Germany-based financial services company focused on insurance and asset management. Through its insurance operations, the company provides property and casualty coverage, life insurance, health insurance, and related protection products for individuals, businesses, and institutional customers.

Allianz also operates a global asset-management business through brands including PIMCO and Allianz Global Investors. These businesses offer investment-management services and solutions for private clients, companies, pension plans, and other institutional investors.

Founded in Berlin in 1890, Allianz has developed into an international group serving customers across Europe, North America, Asia-Pacific, and other global markets.