AllianceBernstein (AB) to Release Quarterly Earnings on Thursday

AllianceBernstein (NYSE:AB) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect AllianceBernstein to post earnings of $0.77 per share and revenue of $859.36 million for the quarter.

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

AllianceBernstein Trading Down 2.4 %

NYSE:AB opened at $36.03 on Tuesday. The firm’s fifty day simple moving average is $37.07 and its 200 day simple moving average is $37.01. AllianceBernstein has a twelve month low of $30.57 and a twelve month high of $41.37. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.78 and a beta of 0.97.

AllianceBernstein Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th were given a $1.05 dividend. This is an increase 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 11.66%. AllianceBernstein’s dividend payout ratio is presently 112.90%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AB shares. Bank of America lowered AllianceBernstein from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $38.00 in a research report on Thursday, April 3rd. Evercore ISI lowered their price target 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. Barclays lifted their price target on shares of AllianceBernstein from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 16th. Sanford C. Bernstein downgraded AllianceBernstein from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Thursday, April 3rd. Finally, TD Cowen dropped their target price on AllianceBernstein from $37.50 to $34.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.