Allianz (OTCMKTS:ALIZY) Posts Earnings Results, Beats Expectations By $0.09 EPS

Allianz (OTCMKTS:ALIZY) announced its earnings results on Friday. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09, Zacks reports. Allianz had a net margin of 5.47% and a return on equity of 16.58%. The business had revenue of $32.25 billion during the quarter.

Allianz Stock Performance

ALIZY opened at $42.57 on Friday. The company has a market cap of $164.39 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.19 and a beta of 0.86. Allianz has a one year low of $29.83 and a one year high of $44.25. The business’s fifty day moving average is $41.52 and its two-hundred day moving average is $40.98.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank upgraded Allianz from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Allianz

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.