AllianceBernstein (AB) Projected to Post Quarterly Earnings on Thursday

AllianceBernstein (NYSE:AB) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $859.36 million for the quarter.

AllianceBernstein (NYSE:AB) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.18. AllianceBernstein had a return on equity of 17.88% and a net margin of 9.46%. On average, analysts expect AllianceBernstein to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AllianceBernstein Stock Up 2.6 %

Shares of AllianceBernstein stock opened at $37.03 on Wednesday. AllianceBernstein has a 12-month low of $30.57 and a 12-month high of $41.37. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.78 and a beta of 0.97. The firm’s 50-day moving average price is $37.09 and its two-hundred day moving average price is $37.01.

AllianceBernstein Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Tuesday, February 18th were given a dividend of $1.05 per share. This is a positive change from AllianceBernstein’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.20 annualized dividend and a dividend yield of 11.34%. AllianceBernstein’s dividend payout ratio (DPR) is currently 112.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen cut their target price on AllianceBernstein from $37.50 to $34.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Barclays upped their price objective on AllianceBernstein from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 16th. Sanford C. Bernstein cut AllianceBernstein from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Thursday, April 3rd. Evercore ISI dropped their target price on shares of AllianceBernstein from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, Bank of America downgraded shares of AllianceBernstein from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $38.00 in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.50.

About AllianceBernstein

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.