Allianz (ALIZY) Projected to Post Earnings on Wednesday

Allianz (OTCMKTS:ALIZY) is expected to release its resultson Wednesday, May 13th. Analysts expect Allianz to post earnings of $1.13 per share and revenue of $26.0509 billion for the quarter.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The company had revenue of $33.04 billion for the quarter. Allianz had a return on equity of 17.50% and a net margin of 5.80%. On average, analysts expect Allianz to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Allianz Price Performance

Shares of ALIZY opened at $44.61 on Wednesday. The firm has a market cap of $169.70 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.40 and a beta of 0.65. The stock has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $43.34. Allianz has a 1 year low of $38.44 and a 1 year high of $46.58.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALIZY. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on shares of Allianz in a report on Tuesday, February 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

About Allianz

Allianz SE is a multinational financial services company headquartered in Munich, Germany, with a history dating back to 1890. The company is primarily known as a major global insurer and asset manager, offering a wide range of insurance and risk management products for individuals, businesses and institutional clients. Allianz’s operations encompass property and casualty insurance, life and health insurance, retirement solutions and specialty risk coverage for commercial and corporate customers.

In addition to underwriting insurance, Allianz operates substantial asset management businesses that manage investments on behalf of its insurance operations and external clients.