Allianz (OTCMKTS:ALIZY) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Allianz (OTCMKTS:ALIZY) released its quarterly earnings data on Thursday. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.10), Zacks reports. The company had revenue of $49.14 billion for the quarter, compared to analysts’ expectations of $47 billion. Allianz had a net margin of 6.31% and a return on equity of 18.33%.

Allianz Stock Performance

ALIZY stock opened at $52.04 on Friday. Allianz has a fifty-two week low of $39.44 and a fifty-two week high of $52.82. The business’s 50-day moving average is $49.22 and its two-hundred day moving average is $46.57. The company has a market cap of $197.97 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 2.30 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Allianz has an average rating of “Moderate Buy”.

About Allianz

Allianz SE is a global insurance and financial services company founded in Berlin in 1890 and headquartered in Munich, Germany. It serves individuals, businesses and institutional clients in markets around the world. The company’s insurance operations include property and casualty coverage, life insurance, health insurance and related services. Its offerings address risks ranging from personal and commercial property to health, retirement and employee benefits. Allianz also provides investment and asset management services through businesses including Allianz Global Investors and PIMCO.