Allianz (OTCMKTS:ALIZY) Announces Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Allianz reported a quarterly earnings per share (EPS) of $0.84, exceeding estimates by $0.04 and generating revenue of $30.17 billion against an expected $22.53 billion.
• The company's net margin was 5.34%, and it achieved a return on equity of 16.27%.
• Analysts have shown a cautious outlook, with several firms downgrading Allianz's stock from "buy" to "hold" or "neutral," leading to a consensus "hold" rating.

Allianz (OTCMKTS:ALIZY - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04, Zacks reports. Allianz had a net margin of 5.34% and a return on equity of 16.27%. The business had revenue of $30.17 billion for the quarter, compared to analyst estimates of $22.53 billion.

Allianz Price Performance

Allianz stock traded down $0.31 during mid-day trading on Friday, reaching $42.43. 150,319 shares of the company's stock traded hands, compared to its average volume of 210,291. Allianz has a 12-month low of $27.63 and a 12-month high of $43.04. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $40.01 and a two-hundred day moving average of $38.12. The company has a market cap of $163.85 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.26 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup reiterated a "neutral" rating on shares of Allianz in a research note on Friday, May 16th. HSBC downgraded Allianz to a "hold" rating in a report on Friday, May 16th. Keefe, Bruyette & Woods downgraded Allianz from a "moderate buy" rating to a "hold" rating in a report on Monday, June 9th. Barclays lowered Allianz from a "hold" rating to a "strong sell" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group downgraded shares of Allianz from a "buy" rating to a "neutral" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Allianz Company Profile

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.

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