AllianceBernstein (AB) Projected to Post Quarterly Earnings on Thursday

AllianceBernstein (NYSE:AB) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect AllianceBernstein to post earnings of $0.87 per share and revenue of $895.69 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

AllianceBernstein Trading Up 0.6 %

Shares of NYSE:AB opened at $39.00 on Wednesday. The company has a market capitalization of $4.49 billion, a PE ratio of 11.18, a PEG ratio of 0.81 and a beta of 1.21. The business has a 50 day moving average of $37.19 and a two-hundred day moving average of $35.97. AllianceBernstein has a 12-month low of $30.57 and a 12-month high of $40.86.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AB. Barclays cut their target price on AllianceBernstein from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, December 9th. Evercore ISI increased their price objective on shares of AllianceBernstein from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

AllianceBernstein Company Profile

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.